Davis R M Inc. Makes New $4.43 Million Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Davis R M Inc. acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,455 shares of the technology company’s stock, valued at approximately $4,427,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in Jack Henry & Associates during the second quarter valued at approximately $27,000. Capital Advisors Ltd. LLC bought a new stake in Jack Henry & Associates in the second quarter worth $40,000. KB Financial Partners LLC bought a new position in shares of Jack Henry & Associates in the 1st quarter valued at about $52,000. State of Wyoming boosted its holdings in shares of Jack Henry & Associates by 6,800.0% in the 4th quarter. State of Wyoming now owns 345 shares of the technology company’s stock worth $61,000 after purchasing an additional 340 shares during the period. Finally, Global Retirement Partners LLC raised its stake in shares of Jack Henry & Associates by 84.8% in the first quarter. Global Retirement Partners LLC now owns 377 shares of the technology company’s stock valued at $60,000 after acquiring an additional 173 shares during the period. 92.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on JKHY shares. BTIG Research cut their price target on shares of Jack Henry & Associates from $200.00 to $173.00 and set a “buy” rating on the stock in a report on Thursday, August 17th. UBS Group reissued a “neutral” rating and set a $165.00 target price on shares of Jack Henry & Associates in a research report on Friday, October 20th. DA Davidson raised Jack Henry & Associates from a “neutral” rating to a “buy” rating and set a $174.00 target price for the company in a report on Wednesday, September 27th. Morgan Stanley cut their price target on Jack Henry & Associates from $165.00 to $162.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 17th. Finally, TheStreet cut shares of Jack Henry & Associates from a “b-” rating to a “c+” rating in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and a consensus price target of $167.33.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $153.67 on Tuesday. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $192.35. The business’s fifty day moving average price is $147.82 and its 200 day moving average price is $156.12. The stock has a market capitalization of $11.19 billion, a P/E ratio of 31.04, a PEG ratio of 3.80 and a beta of 0.64. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.15.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.07. The business had revenue of $571.40 million during the quarter, compared to analyst estimates of $564.69 million. Jack Henry & Associates had a net margin of 17.07% and a return on equity of 22.91%. During the same quarter in the previous year, the firm earned $1.46 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. As a group, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.04 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.35%. The ex-dividend date is Thursday, November 30th. Jack Henry & Associates’s dividend payout ratio (DPR) is 42.02%.

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.