Daymark Wealth Partners LLC Acquires New Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Daymark Wealth Partners LLC bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 2nd quarter, Holdings Channel.com reports. The firm bought 1,294 shares of the technology company’s stock, valued at approximately $215,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Campbell & CO Investment Adviser LLC increased its position in shares of Jack Henry & Associates by 352.2% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 12,222 shares of the technology company’s stock worth $1,997,000 after buying an additional 9,519 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Jack Henry & Associates by 6,680.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock worth $19,158,000 after acquiring an additional 113,696 shares in the last quarter. Boston Trust Walden Corp lifted its stake in shares of Jack Henry & Associates by 3.0% in the 2nd quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company’s stock valued at $35,318,000 after purchasing an additional 6,173 shares during the period. GLOBALT Investments LLC GA bought a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $2,634,000. Finally, Norden Group LLC acquired a new stake in Jack Henry & Associates during the first quarter worth approximately $1,411,000. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Evercore ISI increased their price target on Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods upped their price objective on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $181.00 target price on shares of Jack Henry & Associates in a research note on Friday, September 6th. Finally, Compass Point started coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus target price of $176.55.

Jack Henry & Associates Trading Up 1.1 %

Shares of Jack Henry & Associates stock opened at $175.99 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $170.26 and a 200 day simple moving average of $167.86. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $178.37. The company has a market capitalization of $12.83 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.08. The company had revenue of $559.91 million for the quarter, compared to analyst estimates of $563.37 million. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. During the same period last year, the firm earned $1.34 earnings per share. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, September 6th. 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.