Wealth Enhancement Advisory Services LLC Buys 704 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Wealth Enhancement Advisory Services LLC grew its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.0% in the third quarter, HoldingsChannel reports. The firm owned 7,076 shares of the technology company’s stock after buying an additional 704 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Jack Henry & Associates were worth $1,249,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in JKHY. Vanguard Group Inc. grew its stake in shares of Jack Henry & Associates by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock worth $1,509,441,000 after buying an additional 39,456 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in Jack Henry & Associates by 1.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company’s stock valued at $657,158,000 after acquiring an additional 67,386 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Jack Henry & Associates by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company’s stock valued at $175,342,000 after purchasing an additional 23,617 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Jack Henry & Associates by 8.4% in the third quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company’s stock worth $152,495,000 after purchasing an additional 66,600 shares during the last quarter. Finally, TD Asset Management Inc boosted its position in shares of 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 valued at $118,894,000 after buying an additional 139,582 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Up 0.7 %

JKHY opened at $184.32 on Tuesday. The company has a fifty day moving average of $178.55 and a two-hundred day moving average of $170.23. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. Jack Henry & Associates, Inc. has a fifty-two week low of $142.93 and a fifty-two week high of $186.93. The stock has a market capitalization of $13.44 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 3.34 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results 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 company had revenue of $559.91 million for the quarter, compared to the consensus estimate 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 business posted $1.34 earnings per share. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.19%. Jack Henry & Associates’s dividend payout ratio (DPR) is 42.15%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Robert W. Baird raised their price target 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. Keefe, Bruyette & Woods upped their target price 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 raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Oppenheimer started coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $181.00 price objective on shares of Jack Henry & Associates in a research report on Friday, September 6th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average 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.