Cary Street Partners Financial LLC Makes New $54,000 Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Cary Street Partners Financial LLC purchased a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 306 shares of the technology company’s stock, valued at approximately $54,000.

Several other hedge funds have also modified their holdings of JKHY. Castlekeep Investment Advisors LLC bought a new position in Jack Henry & Associates in the 4th quarter valued at $1,444,000. Caxton Associates LP acquired a new position in shares of Jack Henry & Associates during the fourth quarter valued at $751,000. Benjamin Edwards Inc. boosted its holdings in Jack Henry & Associates by 1.5% in the fourth quarter. Benjamin Edwards Inc. now owns 129,514 shares of the technology company’s stock valued at $22,709,000 after acquiring an additional 1,860 shares during the last quarter. BLI Banque de Luxembourg Investments acquired a new stake in Jack Henry & Associates in the fourth quarter worth about $16,020,000. Finally, Ameriprise Financial Inc. raised its holdings in Jack Henry & Associates by 6.8% during the 4th quarter. Ameriprise Financial Inc. now owns 212,012 shares of the technology company’s stock worth $37,156,000 after purchasing an additional 13,462 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price for the company in a research report on Wednesday, April 2nd. Northcoast Research lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Finally, UBS Group dropped their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and an average target price of $184.10.

Jack Henry & Associates Stock Up 0.9%

NASDAQ:JKHY opened at $180.96 on Monday. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00. The stock has a 50-day moving average price of $175.19 and a two-hundred day moving average price of $174.97. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 3.36 and a beta of 0.75. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. The business had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. During the same period in the previous year, the firm earned $1.19 EPS. Jack Henry & Associates’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.