Strengthening Families & Communities LLC Buys 1,010 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Strengthening Families & Communities LLC grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,117 shares of the technology company’s stock after purchasing an additional 1,010 shares during the period. Strengthening Families & Communities LLC’s holdings in Jack Henry & Associates were worth $1,786,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of JKHY. Quest Partners LLC grew its holdings in shares of Jack Henry & Associates by 13.0% in the third quarter. Quest Partners LLC now owns 4,414 shares of the technology company’s stock worth $779,000 after acquiring an additional 509 shares during the period. Thrivent Financial for Lutherans lifted its position in Jack Henry & Associates by 14.1% during the third quarter. Thrivent Financial for Lutherans now owns 95,093 shares of the technology company’s stock valued at $16,787,000 after purchasing an additional 11,728 shares in the last quarter. Empowered Funds LLC lifted its position in Jack Henry & Associates by 2.0% during the third quarter. Empowered Funds LLC now owns 4,845 shares of the technology company’s stock valued at $855,000 after purchasing an additional 97 shares in the last quarter. CIBC Asset Management Inc lifted its position in Jack Henry & Associates by 2.8% during the third quarter. CIBC Asset Management Inc now owns 10,655 shares of the technology company’s stock valued at $1,881,000 after purchasing an additional 295 shares in the last quarter. Finally, Zions Bancorporation N.A. lifted its position in Jack Henry & Associates by 17.1% during the third quarter. Zions Bancorporation N.A. now owns 8,668 shares of the technology company’s stock valued at $1,530,000 after purchasing an additional 1,265 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 0.4 %

JKHY opened at $173.21 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.11. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 3.26 and a beta of 0.63. The stock’s 50 day moving average price is $179.46 and its 200-day moving average price is $170.99. Jack Henry & Associates, Inc. has a one year low of $151.05 and a one year high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. Jack Henry & Associates’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 earnings per share. On average, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.27%. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on JKHY shares. Keefe, Bruyette & Woods boosted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Oppenheimer started coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price objective on the stock. Royal Bank of Canada boosted their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Stephens reaffirmed an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Finally, William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and an average price target of $188.73.

Jack Henry & Associates Profile

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.