nVerses Capital LLC Makes New $653,000 Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

nVerses Capital LLC bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 3rd quarter, HoldingsChannel reports. The fund bought 3,700 shares of the technology company’s stock, valued at approximately $653,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of JKHY. Principal Financial Group Inc. grew its position in Jack Henry & Associates by 188.4% in the 2nd quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock worth $46,819,000 after purchasing an additional 184,210 shares during the last quarter. Mackenzie Financial Corp grew its position in Jack Henry & Associates by 51.4% in the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock worth $83,665,000 after purchasing an additional 171,041 shares during the last quarter. TD Asset Management Inc grew its position in 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 worth $118,894,000 after purchasing an additional 139,582 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Jack Henry & Associates by 6,680.1% in 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 during the last quarter. Finally, Tandem Investment Advisors Inc. grew its position in Jack Henry & Associates by 20.4% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company’s stock worth $83,496,000 after purchasing an additional 85,175 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

JKHY stock traded down $0.81 on Thursday, hitting $184.86. 114,241 shares of the company’s stock traded hands, compared to its average volume of 438,189. Jack Henry & Associates, Inc. has a 1-year low of $136.57 and a 1-year high of $186.93. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 35.84, a P/E/G ratio of 3.35 and a beta of 0.64. The stock has a fifty day moving average of $173.72 and a 200-day moving average of $168.85. 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 released its earnings results on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, beating 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 in the prior year, the business earned $1.34 earnings per share. On average, analysts forecast that Jack Henry & Associates, Inc. will post 5.82 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a $0.55 dividend. The ex-dividend date was Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.19%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.47%.

Analyst Upgrades and Downgrades

Several research analysts have commented on JKHY shares. Robert W. Baird upped their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday. Oppenheimer started coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price objective for the company. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods increased their price objective on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. Finally, 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. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $184.90.

Jack Henry & Associates Company 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.