1,824 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Purchased by WCM Investment Management LLC

WCM Investment Management LLC purchased a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,824 shares of the technology company’s stock, valued at approximately $321,000.

Other large investors also recently bought and sold shares of the company. Covestor Ltd grew its stake in shares of Jack Henry & Associates by 32.6% during the 3rd quarter. Covestor Ltd now owns 1,013 shares of the technology company’s stock worth $179,000 after purchasing an additional 249 shares during the period. Bridges Investment Management Inc. boosted its holdings in Jack Henry & Associates by 1.7% during the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock worth $575,000 after buying an additional 55 shares in the last quarter. Tandem Investment Advisors Inc. grew its position in Jack Henry & Associates by 0.4% during the third quarter. Tandem Investment Advisors Inc. now owns 504,853 shares of the technology company’s stock valued at $89,127,000 after buying an additional 1,927 shares during the period. Portside Wealth Group LLC increased its holdings in Jack Henry & Associates by 6.9% in the third quarter. Portside Wealth Group LLC now owns 1,370 shares of the technology company’s stock valued at $242,000 after buying an additional 88 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Jack Henry & Associates by 21.1% in the third quarter. Principal Financial Group Inc. now owns 341,460 shares of the technology company’s stock worth $60,281,000 after acquiring an additional 59,450 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $177.11 on Wednesday. The firm has a 50-day simple moving average of $179.34 and a 200-day simple moving average of $170.76. The company has a quick ratio of 1.00, a current ratio of 0.51 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 32.44, a price-to-earnings-growth ratio of 3.37 and a beta of 0.63. Jack Henry & Associates, Inc. has a 52 week low of $146.46 and a 52 week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. Jack Henry & Associates’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 EPS. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, September 6th. Jack Henry & Associates’s payout ratio is currently 40.29%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JKHY. Stephens restated an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Compass Point assumed coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price objective on the stock. Robert W. Baird upped their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods increased their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. 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 price target for the company. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and a consensus price target of $188.73.

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.