Cobblestone Capital Advisors LLC NY Raises Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Cobblestone Capital Advisors LLC NY boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 100,316 shares of the technology company’s stock after acquiring an additional 1,407 shares during the period. Jack Henry & Associates comprises about 1.0% of Cobblestone Capital Advisors LLC NY’s holdings, making the stock its 29th biggest holding. Cobblestone Capital Advisors LLC NY owned 0.14% of Jack Henry & Associates worth $17,710,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JKHY. Price T Rowe Associates Inc. MD lifted its position in shares of Jack Henry & Associates by 1.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 99,707 shares of the technology company’s stock valued at $17,323,000 after acquiring an additional 1,397 shares in the last quarter. Comerica Bank raised its stake in Jack Henry & Associates by 17.2% in the 1st quarter. Comerica Bank now owns 40,213 shares of the technology company’s stock valued at $6,986,000 after purchasing an additional 5,912 shares during the last quarter. Swedbank AB purchased a new position in Jack Henry & Associates in the 1st quarter valued at $5,530,000. Cetera Investment Advisers boosted its stake in Jack Henry & Associates by 318.0% during the 1st quarter. Cetera Investment Advisers now owns 15,843 shares of the technology company’s stock worth $2,752,000 after purchasing an additional 12,053 shares during the last quarter. Finally, Cetera Advisors LLC grew its holdings in shares of Jack Henry & Associates by 64.2% during the first quarter. Cetera Advisors LLC now owns 3,113 shares of the technology company’s stock worth $541,000 after buying an additional 1,217 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $176.18 on Friday. Jack Henry & Associates, Inc. has a fifty-two week low of $154.77 and a fifty-two week high of $189.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50 day moving average price of $179.07 and a 200 day moving average price of $171.49. The stock has a market capitalization of $12.85 billion, a P/E ratio of 32.27, a PEG ratio of 3.32 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The business had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. During the same period last year, the business posted $1.39 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.25%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Insiders Place Their Bets

In related news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the transaction, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

JKHY has been the topic of several research reports. Robert W. Baird raised their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Stephens restated an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Keefe, Bruyette & Woods lifted their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.