GAMMA Investing LLC Purchases 687 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

GAMMA Investing LLC increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 81.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,527 shares of the technology company’s stock after acquiring an additional 687 shares during the quarter. GAMMA Investing LLC’s holdings in Jack Henry & Associates were worth $254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC grew its holdings in Jack Henry & Associates by 352.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 12,222 shares of the technology company’s stock worth $1,997,000 after acquiring an additional 9,519 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Jack Henry & Associates by 36.6% during the 4th quarter. BNP Paribas Financial Markets now owns 121,466 shares of the technology company’s stock worth $19,849,000 after acquiring an additional 32,537 shares in the last quarter. Schwartz Investment Counsel Inc. grew its holdings in Jack Henry & Associates by 14.5% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 266,350 shares of the technology company’s stock worth $43,524,000 after acquiring an additional 33,700 shares in the last quarter. GLOBALT Investments LLC GA bought a new position in Jack Henry & Associates during the 4th quarter worth about $2,634,000. Finally, Torray Investment Partners LLC grew its holdings in Jack Henry & Associates by 2.5% during the 4th quarter. Torray Investment Partners LLC now owns 8,956 shares of the technology company’s stock worth $1,464,000 after acquiring an additional 221 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Robert W. Baird increased their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, June 22nd. DA Davidson reaffirmed a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. Finally, Evercore ISI increased their price objective on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and an average price target of $174.67.

Jack Henry & Associates Stock Performance

JKHY traded up $4.03 during trading on Tuesday, reaching $167.83. 116,004 shares of the company’s stock were exchanged, compared to its average volume of 423,273. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $12.23 billion, a P/E ratio of 31.62, a price-to-earnings-growth ratio of 3.98 and a beta of 0.63. The company’s fifty day simple moving average is $165.40 and its 200-day simple moving average is $168.02.

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

Jack Henry & Associates Announces Dividend

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