Blue Trust Inc. Purchases 134 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Blue Trust Inc. boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 148.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224 shares of the technology company’s stock after buying an additional 134 shares during the quarter. Blue Trust Inc.’s holdings in Jack Henry & Associates were worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. New Covenant Trust Company N.A. bought a new stake in Jack Henry & Associates in the first quarter worth $30,000. VisionPoint Advisory Group LLC bought a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $44,000. Riverview Trust Co bought a new stake in shares of Jack Henry & Associates in the 1st quarter valued at about $51,000. GAMMA Investing LLC purchased a new stake in Jack Henry & Associates during the 4th quarter valued at about $79,000. Finally, Janiczek Wealth Management LLC grew its position in Jack Henry & Associates by 55.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 477 shares of the technology company’s stock worth $83,000 after acquiring an additional 170 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $164.63 on Friday. Jack Henry & Associates, Inc. has a 1-year low of $136.57 and a 1-year high of $178.37. The business’s fifty day moving average price is $166.06 and its 200-day moving average price is $167.79. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 3.98 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 20th. The technology company reported $1.38 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 analysts’ expectations of $563.37 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. During the same period last year, the firm earned $1.34 EPS. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on JKHY shares. DA Davidson reissued a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. Keefe, Bruyette & Woods increased their price target on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research report on Thursday. Evercore ISI boosted their price objective on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $176.45.

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.