Dearborn Partners LLC purchased a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 78,946 shares of the technology company’s stock, valued at approximately $10,874,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Essential Partners LLC lifted its stake in shares of Jack Henry & Associates by 65.8% during the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock worth $29,000 after buying an additional 73 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Jack Henry & Associates by 3,900.0% in the 3rd 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 period. Larson Financial Group LLC increased its position 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 acquiring an additional 169 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Jack Henry & Associates in the 2nd quarter worth $35,000. Finally, SJS Investment Consulting Inc. raised its stake in Jack Henry & Associates by 3,933.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock worth $38,000 after acquiring an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.
Jack Henry & Associates Stock Performance
Shares of JKHY stock opened at $169.64 on Friday. The stock has a market cap of $12.05 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 1.95 and a beta of 0.55. The business has a 50-day simple moving average of $150.59 and a 200-day simple moving average of $150.92. The company has a quick ratio of 1.74, a current ratio of 1.38 and a debt-to-equity ratio of 0.02. Jack Henry & Associates, Inc. has a 52-week low of $121.04 and a 52-week high of $193.39.
Jack Henry & Associates Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th will be paid a dividend of $0.61 per share. 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 dividend payout ratio (DPR) is presently 35.01%.
Analysts Set New Price Targets
A number of brokerages have commented on JKHY. 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. Barclays raised their price objective on Jack Henry & Associates from $170.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. DA Davidson reaffirmed a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a report on Wednesday, August 19th. Royal Bank Of Canada upped their target price on Jack Henry & Associates from $173.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Finally, Wolfe Research increased their price target on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.40.
Check Out 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.
See Also
- Five stocks we like better than Jack Henry & Associates
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report).
Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.
