Jack Henry & Associates, Inc. (NASDAQ:JKHY) Holdings Boosted by Raymond James & Associates

Raymond James & Associates grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.2% in the third quarter, Holdings Channel.com reports. The firm owned 631,974 shares of the technology company’s stock after purchasing an additional 19,846 shares during the period. Raymond James & Associates’ holdings in Jack Henry & Associates were worth $111,569,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tortoise Investment Management LLC lifted its stake in Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after acquiring an additional 71 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in shares of Jack Henry & Associates in the first quarter worth approximately $30,000. Blue Trust Inc. boosted its holdings in shares of Jack Henry & Associates by 148.9% during the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after purchasing an additional 134 shares during the period. Riverview Trust Co purchased a new position in Jack Henry & Associates during the first quarter valued at approximately $51,000. Finally, International Assets Investment Management LLC acquired a new position in Jack Henry & Associates in the 2nd quarter valued at approximately $63,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on JKHY shares. Oppenheimer started coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price for the company. Keefe, Bruyette & Woods boosted their target price on Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, August 22nd. Robert W. Baird raised their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday. Compass Point began coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price objective on the stock. Finally, Evercore ISI lifted their target price on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $187.11.

Jack Henry & Associates Trading Up 0.1 %

Shares of NASDAQ:JKHY opened at $186.12 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s 50-day moving average is $174.49 and its 200-day moving average is $169.06. The company has a market cap of $13.57 billion, a P/E ratio of 35.93, a P/E/G ratio of 3.35 and a beta of 0.64. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $186.93.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The company had revenue of $559.91 million for the quarter, compared to the consensus estimate of $563.37 million. During the same period in the previous year, the business posted $1.34 EPS. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.47%.

Jack Henry & Associates 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.