Virtu Financial LLC Takes $210,000 Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Virtu Financial LLC bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,284 shares of the technology company’s stock, valued at approximately $210,000.

Other hedge funds have also recently made changes to their positions in the company. Planned Solutions Inc. acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at $33,000. Anchor Investment Management LLC acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at $35,000. VisionPoint Advisory Group LLC acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at $44,000. Federated Hermes Inc. acquired a new position in shares of Jack Henry & Associates in the 3rd quarter valued at $72,000. Finally, GAMMA Investing LLC acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at $79,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on JKHY shares. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. DA Davidson reaffirmed a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Evercore ISI increased their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Robert W. Baird increased their price target on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and a consensus target price of $174.42.

Jack Henry & Associates Trading Up 0.5 %

JKHY stock opened at $166.74 on Friday. The firm has a market cap of $12.16 billion, a P/E ratio of 32.19, a PEG ratio of 4.28 and a beta of 0.62. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The company’s 50-day simple moving average is $165.07 and its 200-day simple moving average is $167.74. 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 (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. The firm had revenue of $538.56 million for the quarter, compared to analyst estimates of $541.80 million. Jack Henry & Associates had a net margin of 17.28% and a return on equity of 22.18%. Jack Henry & Associates’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $1.12 EPS. As a group, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.19 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, May 28th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Friday, May 24th. 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.