Mackenzie Financial Corp Buys 171,041 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mackenzie Financial Corp increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 51.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 503,944 shares of the technology company’s stock after purchasing an additional 171,041 shares during the period. Mackenzie Financial Corp owned 0.69% of Jack Henry & Associates worth $83,665,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Strategic Financial Concepts LLC bought a new stake in Jack Henry & Associates during the second quarter valued at $25,000. Tortoise Investment Management LLC boosted its position in shares of Jack Henry & Associates by 76.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. New Covenant Trust Company N.A. purchased a new position in shares of Jack Henry & Associates during the first quarter worth about $30,000. Blue Trust Inc. increased its position in shares of Jack Henry & Associates by 148.9% in the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after purchasing an additional 134 shares during the last quarter. Finally, Riverview Trust Co purchased a new stake in Jack Henry & Associates in the first quarter valued at approximately $51,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 1.1 %

Shares of NASDAQ JKHY opened at $175.99 on Friday. The firm’s fifty day moving average is $170.06 and its 200 day moving average is $167.84. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $178.37. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The company has a market cap of $12.83 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 3.09 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.08. The firm had revenue of $559.91 million for the quarter, compared to analysts’ expectations of $563.37 million. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. During the same quarter in the previous year, the company earned $1.34 earnings per share. On average, equities 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 firm also recently disclosed 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 was Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.25%. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on JKHY shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $181.00 price target on shares of Jack Henry & Associates in a research note on Friday, September 6th. Keefe, Bruyette & Woods upped their target price on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, August 22nd. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Evercore ISI upped their price objective on Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Finally, Compass Point initiated coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $176.55.

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.