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

SignalPoint Asset Management LLC increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) by 19.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,357 shares of the technology company’s stock after buying an additional 1,388 shares during the quarter. SignalPoint Asset Management LLC’s holdings in Jack Henry & Associates were worth $1,647,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Xponance Inc. lifted its holdings in Jack Henry & Associates by 0.8% during the 1st quarter. Xponance Inc. now owns 6,808 shares of the technology company’s stock worth $1,342,000 after buying an additional 52 shares during the last quarter. Bridgewater Advisors Inc. lifted its holdings in Jack Henry & Associates by 2.3% during the 1st quarter. Bridgewater Advisors Inc. now owns 2,447 shares of the technology company’s stock worth $482,000 after buying an additional 54 shares during the last quarter. Johnson Financial Group Inc. lifted its holdings in Jack Henry & Associates by 1.6% during the 4th quarter. Johnson Financial Group Inc. now owns 3,749 shares of the technology company’s stock worth $626,000 after buying an additional 59 shares during the last quarter. LVW Advisors LLC lifted its holdings in Jack Henry & Associates by 2.4% during the 1st quarter. LVW Advisors LLC now owns 2,620 shares of the technology company’s stock worth $516,000 after buying an additional 62 shares during the last quarter. Finally, Smith Moore & CO. lifted its holdings in Jack Henry & Associates by 1.9% during the 4th quarter. Smith Moore & CO. now owns 3,382 shares of the technology company’s stock worth $565,000 after buying an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 89.58% of the company’s stock.

Jack Henry & Associates Stock Performance

JKHY traded up $2.73 on Friday, hitting $211.07. 323,889 shares of the company traded hands, compared to its average volume of 387,005. The company has a 50 day moving average of $188.38 and a 200-day moving average of $184.55. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $15.38 billion, a PE ratio of 43.25, a PEG ratio of 4.49 and a beta of 0.63. Jack Henry & Associates, Inc. has a 12-month low of $147.50 and a 12-month high of $211.31.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The technology company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.06 by $0.10. The firm had revenue of $478.30 million during the quarter, compared to the consensus estimate of $475.52 million. Jack Henry & Associates had a return on equity of 27.04% and a net margin of 18.81%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 EPS. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 4.72 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 14th. Shareholders of record on Friday, May 27th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 0.93%. The ex-dividend date was Thursday, May 26th. Jack Henry & Associates’s dividend payout ratio is presently 40.16%.

Analysts Set New Price Targets

JKHY has been the subject of a number of recent analyst reports. Morgan Stanley assumed coverage on Jack Henry & Associates in a report on Wednesday, June 15th. They set an “equal weight” rating and a $190.00 price target for the company. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $185.11.

Jack Henry & Associates Company Profile

(Get Rating)

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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