SeaCrest Wealth Management LLC Takes $205,000 Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

SeaCrest Wealth Management LLC acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,164 shares of the technology company’s stock, valued at approximately $205,000.

A number of other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in shares of Jack Henry & Associates by 6,680.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock worth $19,158,000 after purchasing an additional 113,696 shares in the last quarter. Boston Trust Walden Corp lifted its stake in Jack Henry & Associates by 3.0% in the second quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company’s stock valued at $35,318,000 after acquiring an additional 6,173 shares during the last quarter. Norden Group LLC bought a new stake in Jack Henry & Associates in the first quarter worth approximately $1,411,000. State Board of Administration of Florida Retirement System increased its stake in shares of Jack Henry & Associates by 4.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 91,114 shares of the technology company’s stock worth $15,829,000 after purchasing an additional 4,252 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its holdings in shares of Jack Henry & Associates by 23.3% during the 1st quarter. Epoch Investment Partners Inc. now owns 359,330 shares of the technology company’s stock valued at $62,426,000 after purchasing an additional 67,816 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on JKHY shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $181.00 price objective on shares of Jack Henry & Associates in a report on Friday, September 6th. Compass Point began 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. Oppenheimer began coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price for the company. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, Robert W. Baird boosted their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $184.90.

Jack Henry & Associates Trading Up 0.1 %

Shares of Jack Henry & Associates stock opened at $186.12 on Friday. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $186.93. The company’s fifty day simple moving average is $174.49 and its 200-day simple moving average is $169.07. The company has a market cap of $13.57 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 3.35 and a beta of 0.64. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $563.37 million. During the same quarter in the previous year, the firm posted $1.34 EPS. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.82 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 annualized dividend and a yield of 1.18%. Jack Henry & Associates’s dividend payout ratio (DPR) is 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.