8,115 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Purchased by Norden Group LLC

Norden Group LLC acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,115 shares of the technology company’s stock, valued at approximately $1,411,000.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Jack Henry & Associates by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 8,648,977 shares of the technology company’s stock worth $1,413,329,000 after acquiring an additional 29,182 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Jack Henry & Associates by 1.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,942,887 shares of the technology company’s stock worth $317,487,000 after buying an additional 24,910 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Jack Henry & Associates by 10.9% in the fourth quarter. Handelsbanken Fonder AB now owns 764,600 shares of the technology company’s stock worth $124,943,000 after buying an additional 75,200 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Jack Henry & Associates by 32.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock worth $115,299,000 after buying an additional 171,477 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Jack Henry & Associates by 3.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 595,311 shares of the technology company’s stock worth $97,292,000 after buying an additional 19,889 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 0.4 %

Shares of JKHY stock opened at $163.06 on Friday. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37. The stock has a market cap of $11.89 billion, a P/E ratio of 31.48, a P/E/G ratio of 3.85 and a beta of 0.63. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The company has a 50 day simple moving average of $165.05 and a two-hundred day simple moving average of $167.67.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last announced its earnings results on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. The business had revenue of $538.56 million during the quarter, compared to analysts’ expectations of $541.80 million. Jack Henry & Associates had a net margin of 17.28% and a return on equity of 22.18%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.12 earnings per share. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th were paid a $0.55 dividend. The ex-dividend date was Friday, May 24th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.35%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.47%.

Analyst Ratings Changes

Several brokerages have recently issued reports on JKHY. Evercore ISI upped their target price on shares of 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. Robert W. Baird upped their target price on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. DA Davidson reissued a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, April 30th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, June 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $174.67.

Read Our Latest Research Report on Jack Henry & Associates

Jack Henry & Associates Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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