Cary Street Partners Financial LLC Makes New $54,000 Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Cary Street Partners Financial LLC purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 306 shares of the technology company’s stock, valued at approximately $54,000.

Several other hedge funds also recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in Jack Henry & Associates during the third quarter worth $26,000. National Pension Service acquired a new stake in Jack Henry & Associates in the 4th quarter worth $27,000. ORG Partners LLC bought a new position in shares of Jack Henry & Associates during the 4th quarter worth about $35,000. Atala Financial Inc bought a new position in shares of Jack Henry & Associates during the 4th quarter worth about $40,000. Finally, Manchester Capital Management LLC raised its position in shares of Jack Henry & Associates by 11,750.0% during the fourth quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock valued at $42,000 after buying an additional 235 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JKHY. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods reduced their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating for the company in a research report on Thursday. The Goldman Sachs Group upgraded Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price objective on the stock in a research report on Wednesday, April 2nd. Northcoast Research lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. Finally, UBS Group reduced their target price on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $184.10.

Jack Henry & Associates Stock Up 0.9%

Shares of NASDAQ JKHY opened at $180.96 on Monday. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The business has a fifty day moving average of $175.19 and a two-hundred day moving average of $174.97. The stock has a market cap of $13.19 billion, a PE ratio of 32.66, a PEG ratio of 3.36 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.23. The firm had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $1.19 EPS. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides 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 and member information.