Garde Capital Inc. Buys New Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Garde Capital Inc. bought a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 425 shares of the technology company’s stock, valued at approximately $78,000.

Several other institutional investors also recently bought and sold shares of JKHY. Principal Securities Inc. lifted its position in Jack Henry & Associates by 6.9% during the fourth quarter. Principal Securities Inc. now owns 1,435 shares of the technology company’s stock valued at $252,000 after purchasing an additional 93 shares during the last quarter. CIBC Asset Management Inc lifted its position in Jack Henry & Associates by 9.7% during the fourth quarter. CIBC Asset Management Inc now owns 11,693 shares of the technology company’s stock valued at $2,050,000 after purchasing an additional 1,038 shares during the last quarter. D.A. Davidson & CO. lifted its position in Jack Henry & Associates by 13.4% during the fourth quarter. D.A. Davidson & CO. now owns 5,635 shares of the technology company’s stock valued at $988,000 after purchasing an additional 666 shares during the last quarter. Global Retirement Partners LLC lifted its position in Jack Henry & Associates by 23.3% during the fourth quarter. Global Retirement Partners LLC now owns 2,071 shares of the technology company’s stock valued at $363,000 after purchasing an additional 391 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in Jack Henry & Associates by 23.0% during the fourth quarter. Concurrent Investment Advisors LLC now owns 3,287 shares of the technology company’s stock valued at $576,000 after purchasing an additional 615 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JKHY has been the subject of several research reports. UBS Group lowered their price objective on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Monday, May 12th. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their target price on shares of Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating for the company in a report on Thursday, May 8th. Finally, Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $184.10.

Jack Henry & Associates Trading Down 1.7%

Shares of JKHY opened at $178.28 on Friday. Jack Henry & Associates, Inc. has a 1-year low of $158.62 and a 1-year high of $196.00. The company has a 50-day moving average of $177.91 and a 200 day moving average of $175.83. The firm has a market capitalization of $12.98 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 3.02 and a beta of 0.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The company had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. During the same quarter last year, the business posted $1.19 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.30%. Jack Henry & Associates’s payout ratio is 39.52%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.