Dearborn Partners LLC purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 92,081 shares of the technology company’s stock, valued at approximately $14,552,000. Dearborn Partners LLC owned approximately 0.13% of Jack Henry & Associates as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in JKHY. Larson Financial Group LLC boosted its holdings in shares of Jack Henry & Associates by 2,816.7% in the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after buying an additional 169 shares in the last quarter. Essential Partners LLC grew its position in shares of Jack Henry & Associates by 65.8% in the 1st quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after buying an additional 73 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Jack Henry & Associates during the 2nd quarter worth $35,000. Caitong International Asset Management Co. Ltd lifted its position in Jack Henry & Associates by 3,900.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after acquiring an additional 195 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Jack Henry & Associates in the second quarter valued at $39,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.
Jack Henry & Associates Price Performance
Shares of NASDAQ:JKHY opened at $170.51 on Tuesday. The company has a 50-day simple moving average of $147.87 and a 200-day simple moving average of $150.98. Jack Henry & Associates, Inc. has a one year low of $121.04 and a one year high of $193.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 1.38. The stock has a market capitalization of $12.11 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 1.88 and a beta of 0.55.
Jack Henry & Associates Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.4%. Jack Henry & Associates’s payout ratio is presently 35.01%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on JKHY. DA Davidson reaffirmed a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, August 19th. Stephens reissued an “overweight” rating and issued a $200.00 target price on shares of Jack Henry & Associates in a report on Tuesday, August 11th. UBS Group upped their target price on Jack Henry & Associates from $165.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday. Royal Bank Of Canada raised their price target on Jack Henry & Associates from $173.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Finally, Oppenheimer lifted their price target on Jack Henry & Associates from $208.00 to $209.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $190.07.
View Our Latest Report on JKHY
Jack Henry & Associates Company Profile
Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.
The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.
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