Catalyst Capital Advisors LLC Acquires New Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Catalyst Capital Advisors LLC bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 271 shares of the technology company’s stock, valued at approximately $48,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Jack Henry & Associates by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock valued at $1,509,441,000 after buying an additional 39,456 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Jack Henry & Associates by 1.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company’s stock worth $657,158,000 after acquiring an additional 67,386 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Jack Henry & Associates by 2.3% during the 2nd 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 last quarter. Handelsbanken Fonder AB raised its holdings in shares of Jack Henry & Associates by 8.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company’s stock valued at $152,495,000 after purchasing an additional 66,600 shares in the last quarter. Finally, TD Asset Management Inc lifted its stake in shares of Jack Henry & Associates by 25.6% in the 1st quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock valued at $118,894,000 after purchasing an additional 139,582 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JKHY has been the topic of several analyst reports. Stephens reissued an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday. Keefe, Bruyette & Woods increased their price objective on Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. Robert W. Baird upped their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada reiterated a “sector perform” rating and set a $181.00 price target on shares of Jack Henry & Associates in a report on Friday, September 6th. Finally, Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates presently has an average rating of “Hold” and an average target price of $185.40.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $180.40 on Thursday. The firm has a fifty day moving average price of $178.97 and a two-hundred day moving average price of $170.44. Jack Henry & Associates, Inc. has a fifty-two week low of $142.93 and a fifty-two week high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $13.15 billion, a PE ratio of 34.56, a price-to-earnings-growth ratio of 3.38 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The business had revenue of $600.98 million during the quarter, compared to analysts’ expectations of $599.56 million. During the same quarter last year, the company earned $1.39 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. 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 disclosed 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. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is presently 42.15%.

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.