Advisor Group Holdings Inc. Makes New Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Advisor Group Holdings Inc. purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,112 shares of the technology company’s stock, valued at approximately $2,265,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Meeder Asset Management Inc. raised its stake in shares of Jack Henry & Associates by 593.4% during the first quarter. Meeder Asset Management Inc. now owns 839 shares of the technology company’s stock worth $131,000 after buying an additional 718 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Jack Henry & Associates during the first quarter worth approximately $2,431,000. Guardian Capital LP raised its stake in shares of Jack Henry & Associates by 9.2% during the first quarter. Guardian Capital LP now owns 5,192 shares of the technology company’s stock worth $806,000 after buying an additional 437 shares during the last quarter. AXA raised its stake in shares of Jack Henry & Associates by 13.0% during the first quarter. AXA now owns 62,665 shares of the technology company’s stock worth $9,729,000 after buying an additional 7,200 shares during the last quarter. Finally, Barings LLC bought a new stake in shares of Jack Henry & Associates during the first quarter worth approximately $203,000. 88.63% of the stock is owned by institutional investors and hedge funds.

In other news, VP Steven W. Tomson sold 3,698 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $175.17, for a total value of $647,778.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.85% of the stock is owned by corporate insiders.

A number of equities research analysts recently weighed in on JKHY shares. Oppenheimer reissued a “hold” rating on shares of Jack Henry & Associates in a research note on Tuesday, May 5th. Robert W. Baird upped their target price on shares of Jack Henry & Associates from $176.00 to $194.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Raymond James raised shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and set a $181.00 target price for the company in a research note on Wednesday, March 11th. BidaskClub raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Tuesday, June 16th. Finally, Wells Fargo & Co downgraded shares of Jack Henry & Associates from an “overweight” rating to an “equal weight” rating in a research note on Sunday, April 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $171.71.

Jack Henry & Associates stock opened at $184.03 on Wednesday. The stock has a market capitalization of $13.90 billion, a PE ratio of 47.80, a price-to-earnings-growth ratio of 3.94 and a beta of 0.62. Jack Henry & Associates, Inc. has a twelve month low of $123.64 and a twelve month high of $195.03. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $181.62 and a 200-day moving average of $162.55.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Monday, May 4th. The technology company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.16. The company had revenue of $429.41 million during the quarter, compared to analysts’ expectations of $408.79 million. Jack Henry & Associates had a net margin of 17.64% and a return on equity of 20.07%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share. Equities analysts anticipate that Jack Henry & Associates, Inc. will post 3.84 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, May 28th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Wednesday, May 27th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 48.86%.

About Jack Henry & Associates

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

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