24,939 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 24,939 shares of the technology company’s stock, valued at approximately $4,075,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JKHY. Blair William & Co. IL raised its stake in shares of Jack Henry & Associates by 15.5% during the 3rd quarter. Blair William & Co. IL now owns 7,573 shares of the technology company’s stock valued at $1,145,000 after buying an additional 1,014 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of Jack Henry & Associates by 33.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 5,352 shares of the technology company’s stock valued at $809,000 after buying an additional 1,340 shares during the last quarter. Rafferty Asset Management LLC raised its stake in shares of Jack Henry & Associates by 4.4% during the 3rd quarter. Rafferty Asset Management LLC now owns 24,444 shares of the technology company’s stock valued at $3,694,000 after buying an additional 1,036 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Jack Henry & Associates during the 3rd quarter valued at about $2,856,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Jack Henry & Associates by 21.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,043,098 shares of the technology company’s stock valued at $157,654,000 after buying an additional 181,811 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JKHY. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. DA Davidson reiterated a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. Wolfe Research started coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They set a “peer perform” rating on the stock. Robert W. Baird raised their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Finally, William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $174.42.

Jack Henry & Associates Trading Down 1.7 %

JKHY stock opened at $162.21 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $178.37. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 4.17 and a beta of 0.62. The business’s 50-day moving average is $165.34 and its 200 day moving average is $167.71.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The company had revenue of $538.56 million for the quarter, compared to analysts’ expectations of $541.80 million. During the same period in the previous year, the firm posted $1.12 EPS. Jack Henry & Associates’s revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.19 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, May 28th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, May 24th. Jack Henry & Associates’s payout ratio is 42.47%.

Jack Henry & Associates Company 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.