Strengthening Families & Communities LLC Boosts Stock Position in Jack Henry & Associates, Inc. $JKHY

Strengthening Families & Communities LLC grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1,887.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,270 shares of the technology company’s stock after purchasing an additional 10,703 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Jack Henry & Associates were worth $1,693,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in JKHY. Integrated Wealth Concepts LLC grew its position in Jack Henry & Associates by 21.2% during the first quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock valued at $384,000 after buying an additional 367 shares during the period. Empowered Funds LLC raised its holdings in shares of Jack Henry & Associates by 8.8% in the 1st quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock worth $1,312,000 after purchasing an additional 584 shares during the period. Woodline Partners LP lifted its stake in Jack Henry & Associates by 40.6% in the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock valued at $1,125,000 after purchasing an additional 1,778 shares during the last quarter. Jane Street Group LLC bought a new position in Jack Henry & Associates during the first quarter valued at $9,430,000. Finally, Focus Partners Wealth increased its position in Jack Henry & Associates by 15.1% in the first quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock worth $253,000 after buying an additional 182 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Insider Activity at Jack Henry & Associates

In other Jack Henry & Associates news, COO Shanon G. Mclachlan sold 227 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $160.83, for a total transaction of $36,508.41. Following the completion of the sale, the chief operating officer directly owned 1,420 shares in the company, valued at $228,378.60. The trade was a 13.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David B. Foss sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $174.92, for a total transaction of $3,498,400.00. Following the completion of the transaction, the director directly owned 128,133 shares of the company’s stock, valued at approximately $22,413,024.36. This represents a 13.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by corporate insiders.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $179.18 on Tuesday. The company’s 50 day simple moving average is $183.48 and its two-hundred day simple moving average is $168.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.49 and a quick ratio of 1.49. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $196.00. The stock has a market capitalization of $12.97 billion, a PE ratio of 27.23, a P/E/G ratio of 3.08 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.33. The company had revenue of $636.11 million for the quarter, compared to the consensus estimate of $634.42 million. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 19.86%.The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 earnings per share. Analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is 35.26%.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of recent research reports. Royal Bank Of Canada raised Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $185.00 to $210.00 in a research report on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. Wolfe Research set a $220.00 target price on shares of Jack Henry & Associates and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Stephens set a $200.00 price target on shares of Jack Henry & Associates in a research note on Friday, January 16th. Finally, The Goldman Sachs Group raised their price objective on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Moderate Buy” and an average price target of $199.73.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.