Conestoga Capital Advisors LLC Grows Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Conestoga Capital Advisors LLC increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 185,070 shares of the technology company’s stock after buying an additional 1,658 shares during the period. Conestoga Capital Advisors LLC’s holdings in Jack Henry & Associates were worth $32,672,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strategic Financial Concepts LLC acquired a new stake in shares of Jack Henry & Associates in the 2nd quarter worth approximately $25,000. Tortoise Investment Management LLC raised its holdings in shares of Jack Henry & Associates by 76.3% during 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 period. New Covenant Trust Company N.A. purchased a new position in Jack Henry & Associates during the first quarter valued at approximately $30,000. Blue Trust Inc. grew its position in Jack Henry & Associates by 148.9% during the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after purchasing an additional 134 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Jack Henry & Associates in the second quarter worth approximately $63,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY traded up $1.19 during midday trading on Friday, hitting $183.12. 107,281 shares of the company’s stock were exchanged, compared to its average volume of 436,307. The business’s fifty day moving average price is $177.87 and its two-hundred day moving average price is $169.89. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 34.85, a PEG ratio of 3.35 and a beta of 0.64. Jack Henry & Associates, Inc. has a 12-month low of $141.32 and a 12-month high of $186.93. 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 issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share 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 period in the prior year, the firm earned $1.34 earnings per share. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 5.82 EPS for the current fiscal 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 dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is presently 42.15%.

Wall Street Analyst Weigh In

JKHY has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, August 22nd. Robert W. Baird lifted their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Compass Point began coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price objective for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $181.00 price target on shares of Jack Henry & Associates in a research report on Friday, September 6th. Finally, StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $187.11.

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.