J.W. Cole Advisors Inc. Acquires New Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

J.W. Cole Advisors Inc. acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 22,646 shares of the technology company’s stock, valued at approximately $60,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Asset Management Inc. raised its stake in shares of Jack Henry & Associates by 134.7% during the 1st quarter. National Asset Management Inc. now owns 4,152 shares of the technology company’s stock valued at $819,000 after purchasing an additional 2,383 shares during the period. Tcwp LLC bought a new stake in shares of Jack Henry & Associates during the 1st quarter valued at $45,000. Johnson Investment Counsel Inc. bought a new stake in shares of Jack Henry & Associates during the 1st quarter valued at $1,437,000. JustInvest LLC raised its stake in shares of Jack Henry & Associates by 43.2% during the 4th quarter. JustInvest LLC now owns 7,929 shares of the technology company’s stock valued at $1,324,000 after purchasing an additional 2,393 shares during the period. Finally, Quent Capital LLC bought a new stake in shares of Jack Henry & Associates during the 4th quarter valued at $37,000. 90.80% of the stock is currently owned by institutional investors.

Jack Henry & Associates Trading Down 0.8 %

Shares of JKHY stock opened at $186.76 on Friday. The stock has a market capitalization of $13.62 billion, a PE ratio of 37.81, a P/E/G ratio of 4.28 and a beta of 0.65. Jack Henry & Associates, Inc. has a 1-year low of $147.50 and a 1-year high of $212.62. The business has a 50-day moving average of $199.51 and a 200 day moving average of $191.31. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.13 and a quick ratio of 1.13.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last issued its earnings results on Tuesday, August 16th. The technology company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.10. The company had revenue of $482.67 million during the quarter, compared to analysts’ expectations of $480.30 million. Jack Henry & Associates had a return on equity of 26.99% and a net margin of 18.68%. Jack Henry & Associates’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 EPS. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 4.92 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Friday, September 9th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.05%. The ex-dividend date is Thursday, September 8th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 39.68%.

Analyst Ratings Changes

A number of equities analysts have weighed in on JKHY shares. DA Davidson lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research note on Thursday, August 18th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 25th. Morgan Stanley decreased their target price on Jack Henry & Associates from $190.00 to $185.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 18th. Credit Suisse Group upped their target price on Jack Henry & Associates from $175.00 to $180.00 and gave the stock a “neutral” rating in a research note on Thursday, August 18th. Finally, Evercore ISI upped their target price on Jack Henry & Associates to $175.00 in a research note on Tuesday, August 23rd. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and a consensus target price of $184.00.

About Jack Henry & Associates

(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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