Berry Wealth Group LP Makes New $206,000 Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Berry Wealth Group LP bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,165 shares of the technology company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Jack Henry & Associates by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock valued at $1,509,441,000 after buying an additional 39,456 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Jack Henry & Associates by 1.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company’s stock valued at $657,158,000 after acquiring an additional 67,386 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Jack Henry & Associates by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company’s stock worth $175,342,000 after acquiring an additional 23,617 shares during the period. Handelsbanken Fonder AB lifted its stake in Jack Henry & Associates by 8.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company’s stock worth $152,495,000 after purchasing an additional 66,600 shares in the last quarter. Finally, TD Asset Management Inc lifted its stake in Jack Henry & Associates by 25.6% in the 1st quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock worth $118,894,000 after purchasing an additional 139,582 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on JKHY shares. Compass Point began coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $181.00 price target on shares of Jack Henry & Associates in a report on Friday, September 6th. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Robert W. Baird raised 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, Keefe, Bruyette & Woods lifted their target price on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research report on Thursday, August 22nd. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus price target of $187.11.

Jack Henry & Associates Trading Down 0.4 %

Shares of Jack Henry & Associates stock traded down $0.82 during trading on Monday, reaching $185.30. The company’s stock had a trading volume of 112,224 shares, compared to its average volume of 437,475. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $186.93. The firm’s 50-day moving average is $174.49 and its two-hundred day moving average is $169.06. The company has a market cap of $13.51 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 3.35 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, topping 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 business had revenue of $559.91 million during the quarter, compared to the consensus estimate of $563.37 million. During the same period in the previous year, the firm posted $1.34 earnings per share. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

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

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.