Strategy Asset Managers LLC Makes New $296,000 Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Strategy Asset Managers LLC purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,501 shares of the technology company’s stock, valued at approximately $296,000.

A number of other institutional investors have also bought and sold shares of JKHY. Dark Forest Capital Management LP purchased a new position in Jack Henry & Associates during the 3rd quarter worth approximately $87,000. Morgan Stanley grew its position in Jack Henry & Associates by 4.7% during the 3rd quarter. Morgan Stanley now owns 313,768 shares of the technology company’s stock worth $51,477,000 after purchasing an additional 14,147 shares in the last quarter. MML Investors Services LLC grew its position in Jack Henry & Associates by 10.7% during the 3rd quarter. MML Investors Services LLC now owns 8,040 shares of the technology company’s stock worth $1,319,000 after purchasing an additional 774 shares in the last quarter. Millennium Management LLC grew its position in Jack Henry & Associates by 118.7% during the 3rd quarter. Millennium Management LLC now owns 17,459 shares of the technology company’s stock worth $2,864,000 after purchasing an additional 111,046 shares in the last quarter. Finally, LPL Financial LLC grew its position in Jack Henry & Associates by 40.9% during the 3rd quarter. LPL Financial LLC now owns 22,189 shares of the technology company’s stock worth $3,637,000 after purchasing an additional 6,439 shares in the last quarter. Hedge funds and other institutional investors own 89.58% of the company’s stock.

JKHY has been the topic of several research analyst reports. Oppenheimer upgraded shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and set a $206.00 price target on the stock in a report on Tuesday, March 1st. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Finally, Morgan Stanley initiated coverage on shares of Jack Henry & Associates in a report on Wednesday, June 15th. They set an “equal weight” rating and a $190.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and a consensus target price of $185.11.

Jack Henry & Associates stock opened at $172.90 on Thursday. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 35.43, a P/E/G ratio of 4.08 and a beta of 0.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Jack Henry & Associates, Inc. has a fifty-two week low of $147.50 and a fifty-two week high of $205.37. The firm has a fifty day moving average price of $185.99 and a two-hundred day moving average price of $178.62.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last released its earnings results on Tuesday, May 3rd. The technology company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.10. The firm had revenue of $478.30 million during the quarter, compared to analyst estimates of $475.52 million. Jack Henry & Associates had a net margin of 18.81% and a return on equity of 27.04%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 4.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 14th. Shareholders of record on Friday, May 27th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, May 26th. Jack Henry & Associates’s dividend payout ratio is 40.16%.

Jack Henry & Associates Profile (Get Rating)

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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