MBB Public Markets I LLC Purchases New Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

MBB Public Markets I LLC acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,271 shares of the technology company’s stock, valued at approximately $709,000.

A number of other hedge funds have also bought and sold shares of JKHY. Balyasny Asset Management L.P. lifted its stake in shares of Jack Henry & Associates by 96.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 565,659 shares of the technology company’s stock worth $92,434,000 after acquiring an additional 277,945 shares during the last quarter. Epoch Investment Partners Inc. lifted its position in shares of Jack Henry & Associates by 250.4% in the 4th quarter. Epoch Investment Partners Inc. now owns 291,514 shares of the technology company’s stock worth $47,636,000 after purchasing an additional 208,322 shares during the period. Principal Financial Group Inc. raised its position in shares of Jack Henry & Associates by 188.4% in the 2nd quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock worth $46,819,000 after acquiring an additional 184,210 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Jack Henry & Associates by 32.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock worth $115,299,000 after purchasing an additional 171,477 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in Jack Henry & Associates by 25.6% in the first quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock valued at $118,894,000 after purchasing an additional 139,582 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $179.70 on Wednesday. The firm has a market capitalization of $13.10 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The business’s fifty day moving average price is $170.41 and its 200 day moving average price is $167.84. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $181.07.

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 analysts’ consensus estimates of $1.30 by $0.08. The business had revenue of $559.91 million for the quarter, compared to analysts’ expectations of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same quarter in the previous year, the firm earned $1.34 earnings per share. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors 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 yield of 1.22%. Jack Henry & Associates’s payout ratio is currently 42.47%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JKHY. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Compass Point began coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $181.00 price objective on shares of Jack Henry & Associates in a research note on Friday, September 6th. Evercore ISI raised their price objective on Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Finally, Oppenheimer began coverage on shares of Jack Henry & Associates in a report on Tuesday. They issued an “outperform” rating and a $206.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $180.00.

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.