GAMMA Investing LLC Grows Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

GAMMA Investing LLC grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 38.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,332 shares of the technology company’s stock after purchasing an additional 647 shares during the quarter. GAMMA Investing LLC’s holdings in Jack Henry & Associates were worth $409,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in JKHY. Mackenzie Financial Corp lifted its position in Jack Henry & Associates by 51.4% during the second quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock worth $83,665,000 after buying an additional 171,041 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after acquiring an additional 131,515 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Jack Henry & Associates by 2,032.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock worth $22,540,000 after acquiring an additional 121,667 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Jack Henry & Associates by 80.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 207,757 shares of the technology company’s stock worth $36,677,000 after acquiring an additional 92,359 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Jack Henry & Associates by 49.4% in the third quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock worth $38,836,000 after acquiring an additional 72,760 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on JKHY shares. UBS Group increased their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Royal Bank of Canada upped their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods lifted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Finally, William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $189.00.

Jack Henry & Associates Stock Up 0.4 %

Shares of NASDAQ:JKHY opened at $173.70 on Monday. The company has a 50 day moving average of $176.61 and a two-hundred day moving average of $173.46. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $189.63. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. During the same period last year, the business earned $1.39 EPS. The business’s revenue was up 5.2% on a year-over-year basis. As a group, analysts forecast that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is 40.29%.

Insider Activity at Jack Henry & Associates

In related news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the sale, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is currently owned by company insiders.

Jack Henry & Associates Profile

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.