Cardinal Capital Management Purchases 2,110 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Cardinal Capital Management grew its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 15.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 15,490 shares of the technology company’s stock after purchasing an additional 2,110 shares during the period. Cardinal Capital Management’s holdings in Jack Henry & Associates were worth $2,691,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Czech National Bank grew its holdings in shares of Jack Henry & Associates by 0.5% during the first quarter. Czech National Bank now owns 12,821 shares of the technology company’s stock valued at $2,227,000 after buying an additional 65 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of Jack Henry & Associates by 3.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 2,783 shares of the technology company’s stock valued at $455,000 after buying an additional 80 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Jack Henry & Associates by 14.4% during the first quarter. AdvisorNet Financial Inc now owns 732 shares of the technology company’s stock valued at $127,000 after buying an additional 92 shares during the last quarter. ICW Investment Advisors LLC grew its holdings in shares of Jack Henry & Associates by 1.6% during the fourth quarter. ICW Investment Advisors LLC now owns 6,486 shares of the technology company’s stock valued at $1,060,000 after buying an additional 105 shares during the last quarter. Finally, Legacy Financial Advisors Inc. grew its holdings in shares of Jack Henry & Associates by 2.9% during the fourth quarter. Legacy Financial Advisors Inc. now owns 3,856 shares of the technology company’s stock valued at $630,000 after buying an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JKHY. Wolfe Research initiated coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They set a “peer perform” rating on the stock. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, June 22nd. DA Davidson restated a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Evercore ISI raised their target price on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a report on Tuesday. Finally, William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Jack Henry & Associates has an average rating of “Hold” and an average target price of $174.67.

Jack Henry & Associates Stock Performance

JKHY traded down $0.39 during trading on Thursday, hitting $166.72. The company’s stock had a trading volume of 390,774 shares, compared to its average volume of 438,679. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.14. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37. The firm has a market cap of $12.15 billion, a PE ratio of 32.26, a P/E/G ratio of 4.30 and a beta of 0.62. The business’s 50 day simple moving average is $165.20 and its 200-day simple moving average is $167.77.

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

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.55 per share. The ex-dividend date was Friday, May 24th. This represents a $2.20 annualized dividend and a dividend yield of 1.32%. 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.