Diversify Advisory Services LLC Purchases New Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Diversify Advisory Services LLC purchased a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,697 shares of the technology company’s stock, valued at approximately $460,000.

Other large investors have also recently bought and sold shares of the company. Planned Solutions Inc. acquired a new position in Jack Henry & Associates during the fourth quarter valued at approximately $33,000. Anchor Investment Management LLC acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at approximately $35,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at approximately $44,000. Riverview Trust Co acquired a new stake in shares of Jack Henry & Associates in the first quarter valued at approximately $51,000. Finally, Federated Hermes Inc. acquired a new stake in shares of Jack Henry & Associates in the third quarter valued at approximately $72,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on Jack Henry & Associates

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $163.06 on Friday. The stock’s fifty day moving average price is $165.05 and its two-hundred day moving average price is $167.69. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market cap of $11.89 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 3.84 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The firm had revenue of $538.56 million for the quarter, compared to analyst estimates of $541.80 million. During the same quarter last year, the company earned $1.12 EPS. The company’s revenue was up 5.9% on a year-over-year basis. As a group, research analysts expect that Jack Henry & Associates, Inc. will post 5.19 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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

Jack Henry & Associates Company 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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