Mattern Capital Management LLC Increases Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mattern Capital Management LLC grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,081 shares of the technology company’s stock after purchasing an additional 314 shares during the quarter. Mattern Capital Management LLC owned approximately 0.07% of Jack Henry & Associates worth $8,488,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tortoise Investment Management LLC increased its holdings in Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after acquiring an additional 71 shares during the last quarter. New Covenant Trust Company N.A. purchased a new stake in Jack Henry & Associates in the 1st quarter worth about $30,000. Blue Trust Inc. increased its holdings in Jack Henry & Associates by 148.9% in the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after acquiring an additional 134 shares during the last quarter. International Assets Investment Management LLC bought a new position in Jack Henry & Associates in the 2nd quarter worth about $63,000. Finally, Exchange Traded Concepts LLC bought a new position in Jack Henry & Associates in the 3rd quarter worth about $68,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $182.44 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 business’s 50 day simple moving average is $176.43 and its two-hundred day simple moving average is $169.52. The stock has a market capitalization of $13.30 billion, a P/E ratio of 34.95, a price-to-earnings-growth ratio of 3.36 and a beta of 0.64. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $186.93.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.08. The business had revenue of $559.91 million for the quarter, compared to analysts’ expectations of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same period in the previous year, the firm earned $1.34 EPS. Analysts forecast that Jack Henry & Associates, Inc. will post 5.82 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a dividend of $0.55 per share. The ex-dividend date was Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.21%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.15%.

Analysts Set New Price Targets

Several research analysts have commented on JKHY shares. Robert W. Baird raised their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Compass Point began coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target for the company. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Oppenheimer began coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target for the company. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $181.00 price target on shares of Jack Henry & Associates in a research report on Friday, September 6th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $187.11.

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.