GAMMA Investing LLC Grows Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

GAMMA Investing LLC boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,559 shares of the technology company’s stock after buying an additional 227 shares during the period. GAMMA Investing LLC’s holdings in Jack Henry & Associates were worth $467,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Atala Financial Inc purchased a new position in shares of Jack Henry & Associates in the fourth quarter worth about $40,000. Cary Street Partners Financial LLC purchased a new stake in Jack Henry & Associates in the fourth quarter worth $54,000. Tortoise Investment Management LLC grew its position in shares of Jack Henry & Associates by 76.9% in the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company’s stock worth $58,000 after buying an additional 143 shares during the period. Menard Financial Group LLC bought a new position in shares of Jack Henry & Associates during the fourth quarter valued at approximately $60,000. Finally, Brown Brothers Harriman & Co. increased its position in Jack Henry & Associates by 603.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the technology company’s stock valued at $64,000 after buying an additional 314 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Trading Up 1.1%

JKHY stock opened at $182.09 on Wednesday. Jack Henry & Associates, Inc. has a fifty-two week low of $158.62 and a fifty-two week high of $196.00. The firm has a market cap of $13.26 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 3.05 and a beta of 0.72. The firm has a fifty day moving average price of $178.98 and a 200 day moving average price of $175.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The firm had revenue of $585.09 million during the quarter, compared to analysts’ expectations of $585.84 million. During the same quarter in the previous year, the business earned $1.19 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 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 Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a dividend of $0.58 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.27%. Jack Henry & Associates’s dividend payout ratio is 39.52%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on JKHY shares. UBS Group reduced their price objective on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group raised Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price on the stock in a report on Wednesday, April 2nd. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Wall Street Zen raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Finally, Keefe, Bruyette & Woods decreased their price target on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus target price of $185.11.

Jack Henry & Associates 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.