LVW Advisors LLC Increases Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

LVW Advisors LLC boosted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.3% during the 3rd quarter, Holdings Channel reports. The firm owned 4,497 shares of the technology company’s stock after buying an additional 421 shares during the quarter. LVW Advisors LLC’s holdings in Jack Henry & Associates were worth $794,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of JKHY. GLOBALT Investments LLC GA purchased a new stake in Jack Henry & Associates in the 4th quarter worth $2,634,000. Neo Ivy Capital Management bought a new position in Jack Henry & Associates during the 4th quarter valued at about $240,000. Virtu Financial LLC bought a new position in Jack Henry & Associates during the 4th quarter valued at about $210,000. Goldman Sachs Group Inc. grew its holdings in Jack Henry & Associates by 32.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock valued at $115,299,000 after purchasing an additional 171,477 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Jack Henry & Associates by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 8,648,977 shares of the technology company’s stock valued at $1,413,329,000 after purchasing an additional 29,182 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $183.38 on Friday. The company has a 50 day moving average price of $172.29 and a 200-day moving average price of $168.46. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $184.82. The stock has a market capitalization of $13.37 billion, a PE ratio of 35.13, a PEG ratio of 3.35 and a beta of 0.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00.

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

Jack Henry & Associates Dividend Announcement

The company also recently announced 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. The ex-dividend date was Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.20%. Jack Henry & Associates’s payout ratio is 42.15%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on JKHY. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Oppenheimer began coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target on the stock. Keefe, Bruyette & Woods upped their price target 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 shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $180.00.

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.