Private Advisor Group LLC Has $867,000 Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Private Advisor Group LLC boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,912 shares of the technology company’s stock after buying an additional 259 shares during the period. Private Advisor Group LLC’s holdings in Jack Henry & Associates were worth $867,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JKHY. Tortoise Investment Management LLC grew its stake in shares of Jack Henry & Associates by 76.3% in the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after buying an additional 71 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in Jack Henry & Associates in the first quarter valued at about $30,000. Blue Trust Inc. raised its stake in Jack Henry & Associates by 148.9% in the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after purchasing an additional 134 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Jack Henry & Associates in the second quarter valued at about $63,000. Finally, Exchange Traded Concepts LLC acquired a new position in Jack Henry & Associates during the third quarter worth about $68,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Oppenheimer assumed coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target on the stock. Compass Point assumed coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target on the stock. Robert W. Baird increased their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $181.00 target price on shares of Jack Henry & Associates in a research report on Friday, September 6th. Finally, Keefe, Bruyette & Woods increased their price target on Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research report on Thursday, August 22nd. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Jack Henry & Associates presently has an average rating of “Hold” and an average target price of $187.11.

Jack Henry & Associates Trading Up 0.6 %

Shares of Jack Henry & Associates stock opened at $183.06 on Friday. 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 firm has a market cap of $13.35 billion, a PE ratio of 35.07, a P/E/G ratio of 3.34 and a beta of 0.63. Jack Henry & Associates, Inc. has a 1 year low of $141.32 and a 1 year high of $186.93. The stock has a fifty day moving average price of $178.24 and a 200-day moving average price of $170.05.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The business had revenue of $559.91 million during the quarter, compared to the consensus estimate of $563.37 million. During the same quarter last year, the company earned $1.34 EPS. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.82 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.20%. Jack Henry & Associates’s payout ratio is currently 42.15%.

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.