Scientech Research LLC Buys Shares of 2,836 Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Scientech Research LLC purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the second quarter, Holdings Channel.com reports. The firm purchased 2,836 shares of the technology company’s stock, valued at approximately $471,000.

Several other institutional investors have also made changes to their positions in JKHY. Balyasny Asset Management L.P. increased its holdings in Jack Henry & Associates by 96.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 565,659 shares of the technology company’s stock worth $92,434,000 after buying an additional 277,945 shares during the last quarter. Epoch Investment Partners Inc. grew its position in Jack Henry & Associates by 250.4% in the fourth quarter. Epoch Investment Partners Inc. now owns 291,514 shares of the technology company’s stock worth $47,636,000 after acquiring an additional 208,322 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Jack Henry & Associates by 188.4% during the 2nd quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock worth $46,819,000 after purchasing an additional 184,210 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Jack Henry & Associates by 32.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock valued at $115,299,000 after purchasing an additional 171,477 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Jack Henry & Associates by 51.4% in the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock valued at $83,665,000 after purchasing an additional 171,041 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Up 1.1 %

NASDAQ JKHY opened at $175.99 on Monday. The stock’s 50 day simple moving average is $170.26 and its 200 day simple moving average is $167.83. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37. The firm has a market cap of $12.83 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00.

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 the consensus estimate 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 21.63% and a net margin of 17.23%. During the same quarter in the prior year, the business earned $1.34 earnings per share. As a group, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current fiscal 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 dividend of $0.55 per share. 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 payout ratio is 42.47%.

Analyst Upgrades and Downgrades

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

Jack Henry & Associates 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.