Alpha Paradigm Partners LLC Buys New Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Alpha Paradigm Partners LLC bought a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,631 shares of the technology company’s stock, valued at approximately $267,000.

Other institutional investors have also made changes to their positions in the company. Capital Analysts LLC raised its holdings in shares of Jack Henry & Associates by 376.5% during the second quarter. Capital Analysts LLC now owns 162 shares of the technology company’s stock valued at $26,000 after acquiring an additional 128 shares in the last quarter. Ameritas Investment Company LLC bought a new position in Jack Henry & Associates in the first quarter worth $25,000. Penserra Capital Management LLC raised its holdings in Jack Henry & Associates by 35.0% in the second quarter. Penserra Capital Management LLC now owns 247 shares of the technology company’s stock worth $40,000 after purchasing an additional 64 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new position in Jack Henry & Associates in the first quarter worth $41,000. Finally, RE Advisers Corp bought a new position in Jack Henry & Associates in the second quarter worth $50,000. Institutional investors own 90.23% of the company’s stock.

NASDAQ JKHY opened at $164.84 on Thursday. Jack Henry & Associates, Inc. has a 12 month low of $141.65 and a 12 month high of $179.98. The stock has a market cap of $12.20 billion, a P/E ratio of 40.01, a P/E/G ratio of 3.36 and a beta of 0.60. The stock’s fifty day moving average price is $171.09 and its 200-day moving average price is $165.45. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.08.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Monday, August 16th. The technology company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. Jack Henry & Associates had a return on equity of 21.77% and a net margin of 17.72%. The firm had revenue of $450.29 million for the quarter, compared to analysts’ expectations of $445.08 million. During the same period in the prior year, the firm posted $0.80 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, analysts forecast that Jack Henry & Associates, Inc. will post 4.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 29th. Stockholders of record on Thursday, September 9th were paid a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, September 8th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.12%. Jack Henry & Associates’s dividend payout ratio is currently 44.66%.

In other Jack Henry & Associates news, Director Thomas Hampton Jr. Wilson acquired 169 shares of the company’s stock in a transaction that occurred on Tuesday, August 24th. The shares were bought at an average cost of $175.12 per share, with a total value of $29,595.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.84% of the company’s stock.

A number of equities analysts have issued reports on JKHY shares. DA Davidson increased their price objective on Jack Henry & Associates from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 19th. Royal Bank of Canada increased their price objective on Jack Henry & Associates from $171.00 to $180.00 and gave the stock a “sector perform” rating in a report on Thursday, August 19th. Raymond James increased their price objective on Jack Henry & Associates from $174.00 to $192.00 and gave the stock an “outperform” rating in a report on Thursday, August 19th. Finally, Compass Point increased their price objective on Jack Henry & Associates from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 19th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $180.71.

About Jack Henry & Associates

Jack Henry & Associates, Inc engages in the provision of technology solutions and payment processing services primarily for financial services organizations. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment focuses on core information processing platforms to banks and credit unions, which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer or member information.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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