Mitchell & Pahl Private Wealth LLC Has $788,000 Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mitchell & Pahl Private Wealth LLC grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,464 shares of the technology company’s stock after acquiring an additional 84 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Jack Henry & Associates were worth $788,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of JKHY. Virtu Financial LLC bought a new stake in Jack Henry & Associates in the fourth quarter valued at about $210,000. Vanguard Group Inc. raised its holdings in shares of Jack Henry & Associates by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 8,648,977 shares of the technology company’s stock worth $1,413,329,000 after buying an additional 29,182 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $239,000. GAMMA Investing LLC lifted its position in shares of Jack Henry & Associates by 75.7% during the 1st quarter. GAMMA Investing LLC now owns 840 shares of the technology company’s stock worth $146,000 after buying an additional 362 shares during the period. Finally, Mather Group LLC. acquired a new stake in Jack Henry & Associates in the 1st quarter valued at $106,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on JKHY. Keefe, Bruyette & Woods lifted their price objective on Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. Oppenheimer initiated coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target on the stock. Evercore ISI upped their price objective on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Robert W. Baird lifted their target price 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. Finally, Compass Point assumed coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target on the stock. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $184.90.

Jack Henry & Associates Trading Down 0.5 %

Shares of NASDAQ:JKHY traded down $0.99 during trading on Thursday, hitting $184.68. 132,298 shares of the company’s stock were exchanged, compared to its average volume of 438,279. The firm has a 50-day moving average price of $173.72 and a two-hundred day moving average price of $168.85. Jack Henry & Associates, Inc. has a 1-year low of $136.57 and a 1-year high of $186.93. The firm has a market cap of $13.46 billion, a P/E ratio of 35.84, a PEG ratio of 3.35 and a beta of 0.64. 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 (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $563.37 million. During the same quarter in the previous year, the company posted $1.34 EPS. Equities analysts predict that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is 42.47%.

About Jack Henry & Associates

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.