Whittier Trust Co. of Nevada Inc. Boosts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Whittier Trust Co. of Nevada Inc. raised its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 20.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 830 shares of the technology company’s stock after purchasing an additional 141 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Jack Henry & Associates were worth $147,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JKHY. Strategic Financial Concepts LLC purchased a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at $25,000. Tortoise Investment Management LLC raised its holdings in shares of Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after buying an additional 71 shares during the period. New Covenant Trust Company N.A. purchased a new stake in shares of Jack Henry & Associates in the 1st quarter valued at $30,000. Blue Trust Inc. raised 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 buying an additional 134 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at $63,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on JKHY. Robert W. Baird boosted their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods upped their price target on Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a report on Thursday, August 22nd. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Royal Bank of Canada restated a “sector perform” rating and set a $181.00 price target on shares of Jack Henry & Associates in a report on Friday, September 6th. Finally, Compass Point began coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and an average target price of $187.11.

Jack Henry & Associates Trading Up 0.6 %

JKHY opened at $184.42 on Thursday. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $186.93. The company has a market cap of $13.44 billion, a P/E ratio of 35.60, a PEG ratio of 3.35 and a beta of 0.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. The business’s 50-day simple moving average is $175.69 and its 200-day simple moving average is $169.37.

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

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.19%. Jack Henry & Associates’s dividend payout ratio is presently 42.47%.

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.