SignalPoint Asset Management LLC Raises Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

SignalPoint Asset Management LLC increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) by 19.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,357 shares of the technology company’s stock after buying an additional 1,388 shares during the quarter. SignalPoint Asset Management LLC’s holdings in Jack Henry & Associates were worth $1,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. National Asset Management Inc. grew its stake in shares of Jack Henry & Associates by 134.7% during the first quarter. National Asset Management Inc. now owns 4,152 shares of the technology company’s stock valued at $819,000 after acquiring an additional 2,383 shares in the last quarter. JustInvest LLC grew its stake in shares of Jack Henry & Associates by 43.2% during the fourth quarter. JustInvest LLC now owns 7,929 shares of the technology company’s stock valued at $1,324,000 after acquiring an additional 2,393 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Jack Henry & Associates during the fourth quarter valued at about $37,000. Capital Asset Advisory Services LLC grew its stake in shares of Jack Henry & Associates by 10.0% during the first quarter. Capital Asset Advisory Services LLC now owns 3,314 shares of the technology company’s stock valued at $653,000 after acquiring an additional 302 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Jack Henry & Associates during the first quarter valued at about $448,000. 89.58% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

NASDAQ JKHY traded up $2.73 during trading hours on Friday, reaching $211.07. The company’s stock had a trading volume of 323,889 shares, compared to its average volume of 387,005. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $188.38 and a 200 day simple moving average of $184.55. Jack Henry & Associates, Inc. has a 52 week low of $147.50 and a 52 week high of $211.31. The stock has a market cap of $15.38 billion, a PE ratio of 43.25, a PEG ratio of 4.49 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last issued its earnings results on Tuesday, May 3rd. The technology company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.10. Jack Henry & Associates had a net margin of 18.81% and a return on equity of 27.04%. The firm had revenue of $478.30 million for the quarter, compared to analysts’ expectations of $475.52 million. During the same quarter last year, the company posted $0.95 earnings per share. Jack Henry & Associates’s revenue was up 10.3% on a year-over-year basis. Equities research analysts predict that Jack Henry & Associates, Inc. will post 4.72 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 14th. Shareholders of record on Friday, May 27th were issued a $0.49 dividend. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $1.96 dividend on an annualized basis and a yield of 0.93%. Jack Henry & Associates’s dividend payout ratio is currently 40.16%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JKHY. Morgan Stanley started coverage on Jack Henry & Associates in a research note on Wednesday, June 15th. They set an “equal weight” rating and a $190.00 target price for the company. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $185.11.

About Jack Henry & Associates

(Get Rating)

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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

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