GSA Capital Partners LLP Purchases 3,224 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

GSA Capital Partners LLP lifted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 95.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,602 shares of the technology company’s stock after acquiring an additional 3,224 shares during the quarter. GSA Capital Partners LLP’s holdings in Jack Henry & Associates were worth $1,166,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Entropy Technologies LP acquired a new position in Jack Henry & Associates in the third quarter worth $301,000. WCM Investment Management LLC bought a new stake in Jack Henry & Associates during the 3rd quarter worth about $321,000. Covestor Ltd increased its position in Jack Henry & Associates by 32.6% in the 3rd quarter. Covestor Ltd now owns 1,013 shares of the technology company’s stock valued at $179,000 after acquiring an additional 249 shares in the last quarter. Bridges Investment Management Inc. raised its stake in shares of Jack Henry & Associates by 1.7% in the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock worth $575,000 after acquiring an additional 55 shares during the last quarter. Finally, Tandem Investment Advisors Inc. lifted its position in shares of Jack Henry & Associates by 0.4% during the third quarter. Tandem Investment Advisors Inc. now owns 504,853 shares of the technology company’s stock worth $89,127,000 after purchasing an additional 1,927 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

JKHY opened at $172.45 on Friday. The stock has a market cap of $12.58 billion, a P/E ratio of 31.58, a P/E/G ratio of 3.34 and a beta of 0.63. Jack Henry & Associates, Inc. has a 12 month low of $151.05 and a 12 month high of $189.63. The company has a quick ratio of 1.00, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $179.40 and a 200 day simple moving average of $170.87.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same period in the prior year, the company earned $1.39 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Oppenheimer began coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price for the company. Royal Bank of Canada raised their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Friday. Finally, William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $188.73.

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.