Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,117 shares of the technology company’s stock after purchasing an additional 1,010 shares during the period. Strengthening Families & Communities LLC’s holdings in Jack Henry & Associates were worth $1,786,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JKHY. V Square Quantitative Management LLC boosted its stake in shares of Jack Henry & Associates by 3.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock worth $277,000 after acquiring an additional 54 shares in the last quarter. Bridges Investment Management Inc. boosted its stake in shares of Jack Henry & Associates by 1.7% during the 3rd quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock worth $575,000 after acquiring an additional 55 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Jack Henry & Associates by 1.3% during the 2nd quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock worth $798,000 after acquiring an additional 60 shares in the last quarter. Advisor OS LLC boosted its stake in shares of Jack Henry & Associates by 1.0% during the 2nd quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock worth $1,100,000 after acquiring an additional 65 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Jack Henry & Associates by 0.6% during the 3rd quarter. UMB Bank n.a. now owns 10,870 shares of the technology company’s stock worth $1,919,000 after acquiring an additional 66 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $173.21 on Monday. The firm has a market cap of $12.64 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 3.26 and a beta of 0.63. Jack Henry & Associates, Inc. has a 52-week low of $151.05 and a 52-week high of $189.63. The company has a quick ratio of 1.00, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $179.46 and its two-hundred day moving average is $170.99.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. During the same period last year, the business earned $1.39 EPS. The company’s revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is 40.29%.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. UBS Group raised their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Compass Point started coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $188.73.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.