Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Purchased by Silver Lake Advisory LLC

Silver Lake Advisory LLC increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 32,580 shares of the technology company’s stock after purchasing an additional 682 shares during the period. Jack Henry & Associates makes up approximately 0.8% of Silver Lake Advisory LLC’s investment portfolio, making the stock its 28th largest position. Silver Lake Advisory LLC’s holdings in Jack Henry & Associates were worth $5,409,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Jack Henry & Associates by 0.5% during the first 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 during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Jack Henry & Associates by 1.7% during the 2nd 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 period. CIBC Private Wealth Group LLC grew its position in Jack Henry & Associates by 1.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,942,887 shares of the technology company’s stock valued at $317,487,000 after acquiring an additional 24,910 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Jack Henry & Associates by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company’s stock worth $175,342,000 after purchasing an additional 23,617 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Jack Henry & Associates by 32.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock worth $115,299,000 after purchasing an additional 171,477 shares in the last quarter. Institutional investors and hedge funds 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 has a 50 day simple moving average of $170.26 and a 200-day simple moving average of $167.86. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $178.37. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $12.83 billion, a PE ratio of 33.97, a P/E/G 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 the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The company had revenue of $559.91 million during the quarter, compared to the consensus estimate of $563.37 million. During the same quarter in the prior year, the firm posted $1.34 earnings per share. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 5.82 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

Analyst Ratings Changes

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