Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by Weybosset Research & Management LLC

Weybosset Research & Management LLC lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,367 shares of the technology company’s stock after buying an additional 240 shares during the period. Jack Henry & Associates makes up about 1.0% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 22nd largest holding. Weybosset Research & Management LLC’s holdings in Jack Henry & Associates were worth $2,739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sarasin & Partners LLP lifted its position in Jack Henry & Associates by 854.8% in the first quarter. Sarasin & Partners LLP now owns 1,270,246 shares of the technology company’s stock worth $215,624,000 after purchasing an additional 1,137,205 shares during the period. Morgan Stanley lifted its position in Jack Henry & Associates by 117.1% in the fourth quarter. Morgan Stanley now owns 1,709,702 shares of the technology company’s stock worth $300,155,000 after purchasing an additional 922,054 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in Jack Henry & Associates by 24.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,640,497 shares of the technology company’s stock worth $548,696,000 after purchasing an additional 726,875 shares during the period. Handelsbanken Fonder AB lifted its position in Jack Henry & Associates by 3,553.6% in the first quarter. Handelsbanken Fonder AB now owns 390,939 shares of the technology company’s stock worth $58,922,000 after purchasing an additional 380,239 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Jack Henry & Associates by 19.1% in the first quarter. JPMorgan Chase & Co. now owns 1,900,968 shares of the technology company’s stock worth $286,513,000 after purchasing an additional 304,400 shares during the period. 92.53% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

JKHY stock opened at $155.19 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.20 and a quick ratio of 1.20. The company has a 50 day moving average price of $163.02 and a 200 day moving average price of $158.10. Jack Henry & Associates, Inc. has a fifty-two week low of $139.28 and a fifty-two week high of $202.66. The stock has a market capitalization of $11.32 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 3.79 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Wednesday, August 16th. The technology company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.15. Jack Henry & Associates had a net margin of 17.65% and a return on equity of 23.97%. The firm had revenue of $534.63 million during the quarter, compared to analysts’ expectations of $512.78 million. During the same quarter in the previous year, the company posted $1.10 EPS. Jack Henry & Associates’s revenue was up 10.8% on a year-over-year basis. Analysts forecast that Jack Henry & Associates, Inc. will post 4.97 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 8th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, September 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 41.43%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Northcoast Research raised Jack Henry & Associates from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a report on Monday. Bank of America dropped their price target on Jack Henry & Associates from $173.00 to $167.00 and set a “neutral” rating on the stock in a report on Thursday, August 17th. TheStreet raised Jack Henry & Associates from a “c+” rating to a “b” rating in a report on Tuesday, August 15th. BTIG Research dropped their price target on Jack Henry & Associates from $200.00 to $173.00 and set a “buy” rating on the stock in a report on Thursday, August 17th. Finally, StockNews.com started coverage on shares of Jack Henry & Associates in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $174.00.

About Jack Henry & Associates

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.