MQS Management LLC Purchases 585 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

MQS Management LLC increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 28.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,632 shares of the technology company’s stock after purchasing an additional 585 shares during the quarter. MQS Management LLC’s holdings in Jack Henry & Associates were worth $457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. UniSuper Management Pty Ltd boosted its position in Jack Henry & Associates by 569.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 6,049 shares of the technology company’s stock valued at $1,051,000 after acquiring an additional 5,146 shares in the last quarter. Davis R M Inc. boosted its position in Jack Henry & Associates by 5.1% during the 1st quarter. Davis R M Inc. now owns 67,557 shares of the technology company’s stock valued at $11,737,000 after acquiring an additional 3,306 shares in the last quarter. Cynosure Group LLC bought a new stake in Jack Henry & Associates during the 1st quarter valued at $307,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Jack Henry & Associates during the 1st quarter valued at $1,147,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Jack Henry & Associates by 943.4% during the 1st quarter. Acadian Asset Management LLC now owns 1,659 shares of the technology company’s stock valued at $287,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY traded down $0.45 during trading on Thursday, reaching $167.48. 338,137 shares of the company’s stock traded hands, compared to its average volume of 431,327. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.14. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37. The firm has a market cap of $12.21 billion, a PE ratio of 32.33, a P/E/G ratio of 3.93 and a beta of 0.63. The company has a 50-day simple moving average of $165.21 and a 200-day simple moving average of $167.87.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The company had revenue of $538.56 million for the quarter, compared to analysts’ expectations of $541.80 million. During the same period in the previous year, the firm posted $1.12 EPS. Jack Henry & Associates’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts predict that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, May 28th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.31%. The ex-dividend date was Friday, May 24th. Jack Henry & Associates’s payout ratio is 42.47%.

Analysts Set New Price Targets

Several analysts have recently commented on JKHY shares. Robert W. Baird increased their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, June 22nd. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. DA Davidson reiterated a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Finally, Evercore ISI increased their price objective on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $174.67.

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.