Exchange Traded Concepts LLC Purchases Shares of 383 Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Exchange Traded Concepts LLC purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 383 shares of the technology company’s stock, valued at approximately $68,000.

A number of other institutional investors have also recently bought and sold shares of JKHY. Assenagon Asset Management S.A. lifted its position in shares of Jack Henry & Associates by 6,680.1% in the second quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock worth $19,158,000 after purchasing an additional 113,696 shares in the last quarter. Boston Trust Walden Corp increased its holdings in shares of Jack Henry & Associates by 3.0% in the second quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company’s stock valued at $35,318,000 after purchasing an additional 6,173 shares during the last quarter. Norden Group LLC acquired a new position in shares of Jack Henry & Associates in the first quarter valued at $1,411,000. State Board of Administration of Florida Retirement System increased its holdings in shares of Jack Henry & Associates by 4.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 91,114 shares of the technology company’s stock valued at $15,829,000 after purchasing an additional 4,252 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its holdings in shares of Jack Henry & Associates by 23.3% in the first quarter. Epoch Investment Partners Inc. now owns 359,330 shares of the technology company’s stock valued at $62,426,000 after purchasing an additional 67,816 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Compass Point assumed coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target on the stock. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods raised their target price on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $181.00 target price on shares of Jack Henry & Associates in a report on Friday, September 6th. Finally, Robert W. Baird raised their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $187.11.

Jack Henry & Associates Stock Up 0.6 %

NASDAQ:JKHY opened at $184.42 on Thursday. The firm’s 50 day simple moving average is $175.69 and its 200 day simple moving average is $169.37. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $186.93. The company has a market cap of $13.44 billion, a PE ratio of 35.60, a P/E/G ratio of 3.35 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.30 by $0.08. The business had revenue of $559.91 million for the quarter, compared to the consensus estimate of $563.37 million. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. During the same period last year, the company earned $1.34 EPS. On average, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a $0.55 dividend. The ex-dividend date was Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.19%. Jack Henry & Associates’s dividend payout ratio (DPR) 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.