Cynosure Group LLC Makes New Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Cynosure Group LLC bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,767 shares of the technology company’s stock, valued at approximately $307,000.

A number of other institutional investors have also modified their holdings of JKHY. Ontario Teachers Pension Plan Board acquired a new stake in Jack Henry & Associates during the first quarter valued at approximately $1,147,000. Acadian Asset Management LLC increased its holdings in shares of Jack Henry & Associates by 943.4% in the 1st quarter. Acadian Asset Management LLC now owns 1,659 shares of the technology company’s stock valued at $287,000 after acquiring an additional 1,500 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Jack Henry & Associates by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock valued at $1,509,441,000 after acquiring an additional 39,456 shares in the last quarter. Trillium Asset Management LLC raised its position in shares of Jack Henry & Associates by 1.8% during the 1st quarter. Trillium Asset Management LLC now owns 36,476 shares of the technology company’s stock valued at $6,338,000 after acquiring an additional 650 shares in the last quarter. Finally, Blair William & Co. IL lifted its stake in Jack Henry & Associates by 33.7% during the first quarter. Blair William & Co. IL now owns 11,038 shares of the technology company’s stock worth $1,918,000 after purchasing an additional 2,780 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of JKHY stock traded down $0.52 during midday trading on Tuesday, reaching $168.42. 41,693 shares of the company were exchanged, compared to its average volume of 431,149. The company’s 50 day moving average price is $165.22 and its two-hundred day moving average price is $167.87. The company has a market cap of $12.28 billion, a P/E ratio of 32.43, a PEG ratio of 3.91 and a beta of 0.63. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.17 by $0.02. The firm had revenue of $538.56 million for the quarter, compared to analysts’ expectations of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.12 earnings per share. On average, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, May 28th were paid a dividend of $0.55 per share. The ex-dividend date was Friday, May 24th. This represents a $2.20 annualized dividend and a yield of 1.31%. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on JKHY shares. 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 reissued a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Robert W. Baird lifted their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. 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 research report on Tuesday, June 25th. Finally, William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. One 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. According to data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and a consensus target price of $174.67.

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.