IRON Financial LLC Takes $208,000 Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

IRON Financial LLC purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,176 shares of the technology company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Financial Advocates Investment Management boosted its holdings in shares of Jack Henry & Associates by 7.3% in the 3rd quarter. Financial Advocates Investment Management now owns 2,376 shares of the technology company’s stock valued at $420,000 after buying an additional 161 shares during the period. Diversify Wealth Management LLC boosted its holdings in shares of Jack Henry & Associates by 13.2% in the 3rd quarter. Diversify Wealth Management LLC now owns 3,051 shares of the technology company’s stock valued at $563,000 after buying an additional 355 shares during the period. Boston Financial Mangement LLC boosted its stake in Jack Henry & Associates by 4.1% during the 3rd quarter. Boston Financial Mangement LLC now owns 7,965 shares of the technology company’s stock valued at $1,406,000 after purchasing an additional 315 shares during the period. abrdn plc boosted its stake in Jack Henry & Associates by 1.1% during the 3rd quarter. abrdn plc now owns 26,767 shares of the technology company’s stock valued at $4,733,000 after purchasing an additional 286 shares during the period. Finally, Mattern Capital Management LLC boosted its stake in Jack Henry & Associates by 0.7% during the 3rd quarter. Mattern Capital Management LLC now owns 48,081 shares of the technology company’s stock valued at $8,488,000 after purchasing an additional 314 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

NASDAQ:JKHY traded up $0.01 during trading hours on Thursday, reaching $182.79. 110,539 shares of the company’s stock were exchanged, compared to its average volume of 435,688. The company has a market capitalization of $13.33 billion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 3.36 and a beta of 0.64. Jack Henry & Associates, Inc. has a 12 month low of $138.95 and a 12 month high of $186.93. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The business’s 50-day simple moving average is $177.51 and its two-hundred day simple moving average is $169.80.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.08. The firm had revenue of $559.91 million during the quarter, compared to analysts’ expectations of $563.37 million. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. During the same period last year, the firm posted $1.34 earnings per share. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.82 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is 42.47%.

Analyst Ratings Changes

A number of research analysts have issued reports on JKHY shares. Robert W. Baird boosted 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, October 17th. Compass Point initiated coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target for the company. Keefe, Bruyette & Woods upped their price target on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, August 22nd. Oppenheimer initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target for the company. Finally, StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $187.11.

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.