Signaturefd LLC Purchases 125 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Signaturefd LLC boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 13.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,090 shares of the technology company’s stock after purchasing an additional 125 shares during the quarter. Signaturefd LLC’s holdings in Jack Henry & Associates were worth $192,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JKHY. Assenagon Asset Management S.A. boosted its holdings in Jack Henry & Associates by 6,680.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock valued at $19,158,000 after purchasing an additional 113,696 shares during the period. Boston Trust Walden Corp boosted its stake 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 buying an additional 6,173 shares during the period. Norden Group LLC acquired a new stake in Jack Henry & Associates during the first quarter worth approximately $1,411,000. State Board of Administration of Florida Retirement System increased its stake in Jack Henry & Associates by 4.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 91,114 shares of the technology company’s stock worth $15,829,000 after acquiring an additional 4,252 shares during the period. Finally, Epoch Investment Partners Inc. raised its holdings in Jack Henry & Associates by 23.3% in the 1st quarter. Epoch Investment Partners Inc. now owns 359,330 shares of the technology company’s stock valued at $62,426,000 after acquiring an additional 67,816 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Down 1.2 %

JKHY opened at $182.44 on Monday. 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 fifty-two week low of $136.57 and a fifty-two week high of $186.93. The company’s 50 day moving average price is $176.43 and its two-hundred day moving average price is $169.52. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of 34.95, a PEG ratio of 3.36 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.08. The company had revenue of $559.91 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $1.34 earnings per share. As a group, research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is currently 42.15%.

Wall Street Analysts Forecast Growth

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

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.