Jacobson & Schmitt Advisors LLC Increases Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Jacobson & Schmitt Advisors LLC boosted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 55,191 shares of the technology company’s stock after buying an additional 2,665 shares during the quarter. Jack Henry & Associates makes up 2.0% of Jacobson & Schmitt Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Jacobson & Schmitt Advisors LLC owned 0.08% of Jack Henry & Associates worth $9,743,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of JKHY. Principal Financial Group Inc. raised its holdings in shares of Jack Henry & Associates by 188.4% in the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock valued at $46,819,000 after purchasing an additional 184,210 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Jack Henry & Associates by 51.4% during the second quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock valued at $83,665,000 after acquiring an additional 171,041 shares during the last quarter. TD Asset Management Inc lifted its holdings in Jack Henry & Associates by 25.6% during the first quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock worth $118,894,000 after acquiring an additional 139,582 shares during the period. Assenagon Asset Management S.A. grew its stake in Jack Henry & Associates by 6,680.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock valued at $19,158,000 after purchasing an additional 113,696 shares during the period. Finally, Tandem Investment Advisors Inc. grew its stake in Jack Henry & Associates by 20.4% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company’s stock valued at $83,496,000 after purchasing an additional 85,175 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Down 0.5 %

Shares of NASDAQ JKHY opened at $181.93 on Friday. The business’s fifty day moving average price is $177.87 and its 200-day moving average price is $169.89. The stock has a market capitalization of $13.27 billion, a PE ratio of 34.85, a P/E/G ratio of 3.35 and a beta of 0.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. Jack Henry & Associates, Inc. has a one year low of $138.95 and a one year high of $186.93.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.08. The business had revenue of $559.91 million for the quarter, compared to analysts’ expectations of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same quarter in the prior year, the firm posted $1.34 EPS. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.82 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.21%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.15%.

Analyst Ratings Changes

A number of research analysts have issued reports on JKHY shares. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Oppenheimer started coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price objective for the company. Compass Point started coverage on Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price objective for the company. Robert W. Baird upped their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $181.00 price objective on shares of Jack Henry & Associates in a research note on Friday, September 6th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $187.11.

Jack Henry & Associates Company 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.