Curat Global LLC purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 764 shares of the technology company’s stock, valued at approximately $139,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. National Pension Service purchased a new position in Jack Henry & Associates during the 4th quarter worth $27,000. Atala Financial Inc purchased a new position in Jack Henry & Associates during the 4th quarter worth $40,000. Manchester Capital Management LLC increased its holdings in Jack Henry & Associates by 11,750.0% during the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock worth $42,000 after purchasing an additional 235 shares during the period. Cary Street Partners Financial LLC purchased a new position in Jack Henry & Associates during the 4th quarter worth $54,000. Finally, Tortoise Investment Management LLC increased its holdings in Jack Henry & Associates by 76.9% during the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company’s stock worth $58,000 after purchasing an additional 143 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have issued reports on JKHY shares. Wall Street Zen raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. The Goldman Sachs Group raised Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price on the stock in a research report on Wednesday, April 2nd. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. UBS Group lowered their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Finally, Northcoast Research cut Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $184.10.
Jack Henry & Associates Stock Performance
Shares of JKHY stock opened at $181.84 on Friday. The stock has a market cap of $13.24 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 3.36 and a beta of 0.73. The business has a 50-day simple moving average of $176.34 and a 200-day simple moving average of $175.36. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00.
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) 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. The business had revenue of $585.09 million during the quarter, compared to analysts’ expectations of $585.84 million. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 EPS. On average, equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.
Jack Henry & Associates Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.28%. Jack Henry & Associates’s payout ratio is 39.52%.
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.
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