Cypress Wealth Services LLC Invests $200,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)
by Sarita Garza · The Markets DailyCypress Wealth Services LLC acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,133 shares of the technology company’s stock, valued at approximately $200,000.
Several other institutional investors and hedge funds also recently made changes to their positions in JKHY. Vanguard Group Inc. increased its holdings in Jack Henry & Associates by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock worth $1,509,441,000 after purchasing an additional 39,456 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Jack Henry & Associates by 1.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company’s stock valued at $657,158,000 after buying an additional 67,386 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Jack Henry & Associates by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company’s stock valued at $175,342,000 after purchasing an additional 23,617 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Jack Henry & Associates by 8.4% during the third quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company’s stock valued at $152,495,000 after acquiring an additional 66,600 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Jack Henry & Associates by 32.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock worth $115,299,000 after buying an additional 171,477 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.
Jack Henry & Associates Stock Down 0.5 %
Shares of JKHY opened at $181.58 on Friday. The business’s 50 day simple moving average is $172.29 and its 200-day simple moving average is $168.46. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $184.82. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $13.24 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 3.35 and a beta of 0.64.
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last released its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.08. The firm had revenue of $559.91 million for the quarter, compared to the consensus estimate of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same quarter in the previous year, the company posted $1.34 EPS. As a group, equities analysts expect that Jack Henry & Associates, Inc. will post 5.82 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 Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.55 per share. The ex-dividend date was Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.21%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.15%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on JKHY. Keefe, Bruyette & Woods increased their target price on 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. Royal Bank of Canada restated a “sector perform” rating and issued a $181.00 price objective on shares of Jack Henry & Associates in a report on Friday, September 6th. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Compass Point initiated coverage on 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, Evercore ISI increased their target price on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and a consensus target price of $180.00.
Read Our Latest Analysis on Jack Henry & Associates
Jack Henry & Associates Company 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.
Recommended Stories
- Five stocks we like better than Jack Henry & Associates
- Upcoming IPO Stock Lockup Period, Explained
- MercadoLibre Targets Double-Digit Upside with Argentina Boom
- 10 Best Airline Stocks to Buy
- Domino’s Pizza Stock Delivers: A Hot Buy for Growth Investors
- How to Invest in Blue Chip Stocks
- 3 Small-Cap Stocks Ready to Deliver Significant Growth
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).