Janney Montgomery Scott LLC Increases Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Janney Montgomery Scott LLC boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,618 shares of the technology company’s stock after buying an additional 2,351 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Jack Henry & Associates were worth $22,883,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. V Square Quantitative Management LLC boosted its stake in Jack Henry & Associates by 3.6% during the third quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock worth $277,000 after buying an additional 54 shares during the period. Raymond James Trust N.A. boosted its stake in shares of Jack Henry & Associates by 1.3% in the second quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock valued at $798,000 after purchasing an additional 60 shares during the period. Advisor OS LLC boosted its stake in shares of Jack Henry & Associates by 1.0% in the second quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock valued at $1,100,000 after purchasing an additional 65 shares during the period. UMB Bank n.a. boosted its stake in shares of Jack Henry & Associates by 0.6% in the third quarter. UMB Bank n.a. now owns 10,870 shares of the technology company’s stock valued at $1,919,000 after purchasing an additional 66 shares during the period. Finally, Taylor Frigon Capital Management LLC boosted its stake in shares of Jack Henry & Associates by 0.9% in the second quarter. Taylor Frigon Capital Management LLC now owns 7,629 shares of the technology company’s stock valued at $1,267,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 0.7 %

JKHY stock opened at $184.32 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a twelve month low of $142.93 and a twelve month high of $186.93. The company’s 50 day moving average is $178.55 and its two-hundred day moving average is $170.23. The stock has a market cap of $13.44 billion, a P/E ratio of 35.31, a PEG ratio of 3.34 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.08. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The company had revenue of $559.91 million for the quarter, compared to analysts’ expectations of $563.37 million. During the same quarter last year, the company earned $1.34 earnings per share. Research analysts expect that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a dividend of $0.55 per share. The ex-dividend date was Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.19%. Jack Henry & Associates’s payout ratio is currently 42.15%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on JKHY shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $181.00 price objective on shares of Jack Henry & Associates in a research note on Friday, September 6th. Keefe, Bruyette & Woods raised their price objective on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, August 22nd. Robert W. Baird raised their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Compass Point started coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price on the stock. Finally, Oppenheimer started coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $187.11.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.