Janney Montgomery Scott LLC Grows Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Janney Montgomery Scott LLC increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 129,618 shares of the technology company’s stock after purchasing an additional 2,351 shares during the period. Janney Montgomery Scott LLC owned approximately 0.18% of Jack Henry & Associates worth $22,883,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Phillips Wealth Planners LLC purchased a new position in shares of Jack Henry & Associates during the 3rd quarter worth about $226,000. Conestoga Capital Advisors LLC boosted its stake in shares of Jack Henry & Associates by 0.9% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 185,070 shares of the technology company’s stock worth $32,672,000 after purchasing an additional 1,658 shares during the period. Jacobson & Schmitt Advisors LLC boosted its stake in shares of Jack Henry & Associates by 5.1% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 55,191 shares of the technology company’s stock worth $9,743,000 after purchasing an additional 2,665 shares during the period. IRON Financial LLC purchased a new position in shares of Jack Henry & Associates during the 3rd quarter worth about $208,000. Finally, Financial Advocates Investment Management boosted its stake in shares of Jack Henry & Associates by 7.3% during the 3rd quarter. Financial Advocates Investment Management now owns 2,376 shares of the technology company’s stock worth $420,000 after purchasing an additional 161 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

JKHY opened at $184.32 on Tuesday. 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 firm has a fifty day moving average price of $178.55 and a 200 day moving average price of $170.23. Jack Henry & Associates, Inc. has a 1 year low of $142.93 and a 1 year high of $186.93. The stock has a market cap of $13.44 billion, a P/E ratio of 35.31, a P/E/G ratio of 3.34 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (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 firm had revenue of $559.91 million during the quarter, compared to analysts’ expectations of $563.37 million. During the same period in the previous year, the business posted $1.34 EPS. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current 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 given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is presently 42.15%.

Analyst Ratings Changes

JKHY has been the subject of a number of research analyst reports. Compass Point initiated coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective for the company. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods lifted 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 report on Thursday, August 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $181.00 price objective on shares of Jack Henry & Associates in a report on Friday, September 6th. Finally, Oppenheimer initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus price target of $187.11.

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.