Commonwealth Equity Services LLC Buys 900 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Commonwealth Equity Services LLC lifted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,848 shares of the technology company’s stock after purchasing an additional 900 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Jack Henry & Associates were worth $1,469,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC increased its holdings in shares of Jack Henry & Associates by 32.2% in the 4th quarter. Private Advisor Group LLC now owns 3,068 shares of the technology company’s stock valued at $501,000 after acquiring an additional 748 shares during the period. Principal Securities Inc. acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $178,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Jack Henry & Associates by 9.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,396 shares of the technology company’s stock worth $1,535,000 after purchasing an additional 828 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Jack Henry & Associates by 23.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 5,234 shares of the technology company’s stock worth $855,000 after purchasing an additional 1,008 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at approximately $200,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Up 0.3 %

NASDAQ JKHY opened at $176.07 on Friday. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37. The firm has a market cap of $12.84 billion, a PE ratio of 33.99, a P/E/G ratio of 3.09 and a beta of 0.64. The firm’s fifty day moving average is $168.54 and its two-hundred day moving average is $167.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.08. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The firm had revenue of $559.91 million during the quarter, compared to the consensus estimate of $563.37 million. During the same quarter last year, the firm earned $1.34 earnings per share. Analysts expect that Jack Henry & Associates, Inc. will post 5.79 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.25%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 42.47%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JKHY. Royal Bank of Canada reiterated a “sector perform” rating and issued a $181.00 target price on shares of Jack Henry & Associates in a research report on Friday, September 6th. Keefe, Bruyette & Woods boosted their target price on Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a report on Thursday, August 22nd. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Evercore ISI raised their price objective on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Finally, Compass Point initiated coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $177.25.

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.