Davis R M Inc. Purchases 956 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Davis R M Inc. raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,337 shares of the technology company’s stock after purchasing an additional 956 shares during the period. Davis R M Inc. owned about 0.11% of Jack Henry & Associates worth $13,653,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tortoise Investment Management LLC boosted its stake in shares of Jack Henry & Associates by 76.3% during the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in Jack Henry & Associates during the 1st quarter valued at $30,000. Blue Trust Inc. increased its holdings in shares of Jack Henry & Associates by 148.9% in the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after acquiring an additional 134 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Jack Henry & Associates in the 3rd quarter worth $48,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Jack Henry & Associates during the 2nd quarter worth $63,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

NASDAQ:JKHY opened at $172.50 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. The company’s fifty day moving average price is $179.20 and its 200-day moving average price is $171.27. Jack Henry & Associates, Inc. has a 1-year low of $151.93 and a 1-year high of $189.63. The firm has a market capitalization of $12.59 billion, a P/E ratio of 31.59, a PEG ratio of 3.25 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. The company had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $1.39 EPS. As a group, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s payout ratio is presently 40.29%.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the transaction, the insider now owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

JKHY has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Robert W. Baird boosted their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. UBS Group upped their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Compass Point started coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $188.73.

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.