Blair William & Co. IL raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 34.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,700 shares of the technology company’s stock after buying an additional 1,964 shares during the period. Blair William & Co. IL’s holdings in Jack Henry & Associates were worth $1,233,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of JKHY. Qube Research & Technologies Ltd acquired a new stake in shares of Jack Henry & Associates during the second quarter worth approximately $108,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Jack Henry & Associates during the second quarter worth approximately $114,000. Fort L.P. acquired a new stake in shares of Jack Henry & Associates during the second quarter worth approximately $122,000. Signaturefd LLC increased its holdings in shares of Jack Henry & Associates by 67.7% during the second quarter. Signaturefd LLC now owns 946 shares of the technology company’s stock worth $123,000 after buying an additional 382 shares in the last quarter. Finally, BDO Wealth Advisors LLC acquired a new stake in shares of Jack Henry & Associates during the second quarter worth approximately $161,000. 91.32% of the stock is owned by institutional investors.
Shares of Jack Henry & Associates stock opened at $133.75 on Friday. The company has a market capitalization of $10.58 billion, a P/E ratio of 37.26, a P/E/G ratio of 3.32 and a beta of 0.91. Jack Henry & Associates, Inc. has a fifty-two week low of $112.78 and a fifty-two week high of $163.68.
Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 6th. The technology company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.15. The business had revenue of $392.54 million during the quarter, compared to analyst estimates of $385.12 million. Jack Henry & Associates had a net margin of 25.29% and a return on equity of 24.13%. Jack Henry & Associates’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. Research analysts expect that Jack Henry & Associates, Inc. will post 3.75 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Monday, December 3rd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, November 30th. Jack Henry & Associates’s dividend payout ratio is currently 41.23%.
Several analysts have recently weighed in on JKHY shares. BidaskClub lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 10th. ValuEngine lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 8th. Cantor Fitzgerald reissued a “buy” rating and issued a $141.00 price target on shares of Jack Henry & Associates in a report on Tuesday, August 21st. Zacks Investment Research raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $158.00 price target for the company in a report on Tuesday, August 14th. Finally, Wells Fargo & Co raised their price target on shares of Jack Henry & Associates from $110.00 to $160.00 and gave the company a “market perform” rating in a report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $143.00.
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Jack Henry & Associates Profile
Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar 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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