Janney Montgomery Scott LLC Raises Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Janney Montgomery Scott LLC boosted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,057 shares of the technology company’s stock after acquiring an additional 1,237 shares during the period. Janney Montgomery Scott LLC owned 0.06% of Jack Henry & Associates worth $8,175,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC lifted its position in shares of Jack Henry & Associates by 0.8% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 7,558 shares of the technology company’s stock valued at $1,313,000 after buying an additional 62 shares during the last quarter. Czech National Bank lifted its holdings in Jack Henry & Associates by 0.5% during the first quarter. Czech National Bank now owns 12,821 shares of the technology company’s stock valued at $2,227,000 after purchasing an additional 65 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Jack Henry & Associates by 3.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 2,783 shares of the technology company’s stock worth $455,000 after purchasing an additional 80 shares in the last quarter. Cardinal Capital Management raised its position in shares of Jack Henry & Associates by 0.7% in the fourth quarter. Cardinal Capital Management now owns 13,380 shares of the technology company’s stock valued at $2,186,000 after purchasing an additional 89 shares during the period. Finally, AdvisorNet Financial Inc lifted its stake in shares of Jack Henry & Associates by 14.4% during the 1st quarter. AdvisorNet Financial Inc now owns 732 shares of the technology company’s stock valued at $127,000 after buying an additional 92 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

JKHY stock opened at $164.34 on Tuesday. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 3.84 and a beta of 0.63. The firm has a 50 day moving average price of $165.02 and a 200-day moving average price of $167.73.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.02. The firm had revenue of $538.56 million during the quarter, compared to analyst estimates of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. Jack Henry & Associates’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. Equities research analysts forecast 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 1.34%. The ex-dividend date was Friday, May 24th. Jack Henry & Associates’s payout ratio is 42.47%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JKHY. Robert W. Baird lifted their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. DA Davidson reaffirmed a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a report on Tuesday, April 30th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, June 22nd. Finally, Evercore ISI raised their target price on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $174.67.

Check Out Our Latest Analysis on JKHY

About Jack Henry & Associates

(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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