Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Blair William & Co. IL

Blair William & Co. IL increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,176 shares of the technology company’s stock after acquiring an additional 138 shares during the quarter. Blair William & Co. IL’s holdings in Jack Henry & Associates were worth $1,855,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $11,319,000. UBS Group AG raised its stake in Jack Henry & Associates by 23.7% during the fourth quarter. UBS Group AG now owns 188,142 shares of the technology company’s stock valued at $30,744,000 after buying an additional 36,032 shares in the last quarter. D.A. Davidson & CO. bought a new position in Jack Henry & Associates during the 4th quarter worth approximately $209,000. Corient Private Wealth LLC lifted its holdings in Jack Henry & Associates by 2.3% during the 4th quarter. Corient Private Wealth LLC now owns 12,410 shares of the technology company’s stock worth $2,028,000 after buying an additional 276 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Jack Henry & Associates by 4.6% in the 4th quarter. Franklin Resources Inc. now owns 7,485 shares of the technology company’s stock valued at $1,223,000 after acquiring an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

JKHY has been the topic of several research analyst reports. Evercore ISI lifted 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 report on Tuesday, June 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $181.00 price objective on shares of Jack Henry & Associates in a research report on Friday, September 6th. Compass Point began coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price on the stock. Keefe, Bruyette & Woods upped their target price on Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. Finally, StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $176.55.

Jack Henry & Associates Trading Up 0.7 %

Shares of NASDAQ:JKHY opened at $174.85 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s 50-day moving average is $169.85 and its 200-day moving average is $167.79. The company has a market cap of $12.75 billion, a P/E ratio of 33.75, a P/E/G ratio of 3.09 and a beta of 0.64. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $563.37 million. During the same period in the prior year, the company earned $1.34 EPS. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.79 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is 42.47%.

Jack Henry & Associates Company 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.