Jack Henry & Associates, Inc. $JKHY Shares Purchased by Martin Capital Partners LLC

Martin Capital Partners LLC boosted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 684.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 40,855 shares of the technology company’s stock after acquiring an additional 35,644 shares during the quarter. Jack Henry & Associates accounts for about 2.1% of Martin Capital Partners LLC’s portfolio, making the stock its 21st biggest holding. Martin Capital Partners LLC’s holdings in Jack Henry & Associates were worth $5,627,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Essential Partners LLC lifted its holdings in Jack Henry & Associates by 65.8% during the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after purchasing an additional 73 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Jack Henry & Associates by 3,900.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after purchasing an additional 195 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Jack Henry & Associates by 2,816.7% during the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after purchasing an additional 169 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Jack Henry & Associates in the 2nd quarter valued at about $35,000. Finally, SJS Investment Consulting Inc. lifted its stake in Jack Henry & Associates by 3,933.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock valued at $38,000 after buying an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Activity at Jack Henry & Associates

In related news, CFO Mimi Carsley purchased 375 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $134.12 per share, with a total value of $50,295.00. Following the completion of the acquisition, the chief financial officer owned 6,007 shares in the company, valued at $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory R. Adelson acquired 2,000 shares of Jack Henry & Associates stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $133.42 per share, for a total transaction of $266,840.00. Following the transaction, the chief executive officer owned 21,036 shares of the company’s stock, valued at $2,806,623.12. This represents a 10.51% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

JKHY has been the subject of several research reports. UBS Group set a $165.00 price objective on Jack Henry & Associates in a research note on Thursday, May 7th. Royal Bank Of Canada decreased their target price on Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Morgan Stanley set a $170.00 price target on Jack Henry & Associates in a research note on Friday, May 8th. Barclays initiated coverage on Jack Henry & Associates in a research report on Tuesday, July 7th. They set an “overweight” rating and a $170.00 price target for the company. Finally, DA Davidson reissued a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $186.07.

Jack Henry & Associates Stock Performance

JKHY opened at $156.63 on Wednesday. The firm has a market capitalization of $11.13 billion, a PE ratio of 21.91, a PEG ratio of 2.20 and a beta of 0.55. Jack Henry & Associates, Inc. has a twelve month low of $121.04 and a twelve month high of $193.39. The firm’s 50-day moving average price is $140.66 and its 200 day moving average price is $153.51. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.28. The company had revenue of $615.93 million during the quarter, compared to analysts’ expectations of $619.67 million. Jack Henry & Associates had a net margin of 20.64% and a return on equity of 24.03%. Jack Henry & Associates’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.52 EPS. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 6.84 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, June 1st. Jack Henry & Associates’s payout ratio is currently 34.13%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.