Cobblestone Capital Advisors LLC NY Grows Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Cobblestone Capital Advisors LLC NY increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 98,909 shares of the technology company’s stock after acquiring an additional 2,061 shares during the quarter. Jack Henry & Associates comprises 1.0% of Cobblestone Capital Advisors LLC NY’s investment portfolio, making the stock its 27th biggest position. Cobblestone Capital Advisors LLC NY’s holdings in Jack Henry & Associates were worth $16,421,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Tortoise Investment Management LLC increased its stake in Jack Henry & Associates by 76.3% in the second 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 in the 1st quarter worth about $30,000. Blue Trust Inc. increased its position in shares of Jack Henry & Associates by 148.9% during the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after purchasing an additional 134 shares during the last quarter. VisionPoint Advisory Group LLC bought a new stake in Jack Henry & Associates in the 4th quarter worth approximately $44,000. Finally, Riverview Trust Co purchased a new stake in Jack Henry & Associates in the first quarter worth approximately $51,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 1.7 %

Jack Henry & Associates stock traded down $3.01 during mid-day trading on Friday, reaching $169.64. 422,776 shares of the company traded hands, compared to its average volume of 439,652. The firm’s 50 day moving average price is $167.37 and its 200 day moving average price is $167.80. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.39. The firm has a market capitalization of $12.37 billion, a price-to-earnings ratio of 32.75, a P/E/G ratio of 3.07 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 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 business had revenue of $559.91 million during the quarter, compared to analyst estimates of $563.37 million. During the same period last year, the business posted $1.34 earnings per share. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 5.79 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.20 annualized dividend and a yield of 1.30%. Jack Henry & Associates’s payout ratio is 42.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on JKHY shares. Evercore ISI boosted their price objective on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Keefe, Bruyette & Woods boosted their price target 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $181.00 price objective on shares of Jack Henry & Associates in a research note on Friday. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Finally, Compass Point assumed coverage on Jack Henry & Associates in a research note on Wednesday. They issued a “neutral” rating and a $186.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Jack Henry & Associates has an average rating of “Hold” and a consensus price target of $177.25.

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.