AdvisorNet Financial Inc Increases Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

AdvisorNet Financial Inc boosted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 14.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 732 shares of the technology company’s stock after buying an additional 92 shares during the quarter. AdvisorNet Financial Inc’s holdings in Jack Henry & Associates were worth $127,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. TD Asset Management Inc raised its holdings in shares of Jack Henry & Associates by 327.7% in the fourth quarter. TD Asset Management Inc now owns 544,781 shares of the technology company’s stock valued at $89,023,000 after purchasing an additional 417,401 shares during the last quarter. APG Asset Management US Inc. bought a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $54,552,000. Assenagon Asset Management S.A. lifted its position in shares of Jack Henry & Associates by 1,587.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 347,018 shares of the technology company’s stock worth $56,706,000 after buying an additional 326,448 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Jack Henry & Associates by 96.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 565,659 shares of the technology company’s stock worth $92,434,000 after buying an additional 277,945 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its holdings in shares of Jack Henry & Associates by 250.4% in the fourth quarter. Epoch Investment Partners Inc. now owns 291,514 shares of the technology company’s stock valued at $47,636,000 after acquiring an additional 208,322 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on JKHY. Evercore ISI upped their price objective on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research note on Tuesday. Robert W. Baird increased their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Wolfe Research initiated coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They issued a “peer perform” rating on the stock. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $174.67.

Jack Henry & Associates Stock Up 0.5 %

JKHY stock opened at $167.11 on Thursday. The stock has a 50-day simple moving average of $165.20 and a two-hundred day simple moving average of $167.77. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $178.37. The firm has a market capitalization of $12.18 billion, a PE ratio of 32.26, a PEG ratio of 4.30 and a beta of 0.62. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.14.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. The business had revenue of $538.56 million for the quarter, compared to analyst estimates of $541.80 million. Jack Henry & Associates had a net margin of 17.28% and a return on equity of 22.18%. Jack Henry & Associates’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 EPS. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 5.19 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, May 28th were paid a $0.55 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $2.20 dividend on an annualized basis and a yield of 1.32%. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

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.