Boston Financial Mangement LLC Grows Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Boston Financial Mangement LLC grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.1% during the third quarter, Holdings Channel.com reports. The fund owned 7,965 shares of the technology company’s stock after acquiring an additional 315 shares during the period. Boston Financial Mangement LLC’s holdings in Jack Henry & Associates were worth $1,406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. V Square Quantitative Management LLC raised its position in Jack Henry & Associates by 3.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock valued at $277,000 after purchasing an additional 54 shares during the last quarter. Raymond James Trust N.A. raised its position in Jack Henry & Associates by 1.3% during the 2nd quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock worth $798,000 after buying an additional 60 shares during the last quarter. Advisor OS LLC raised its position in Jack Henry & Associates by 1.0% during the 2nd quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock worth $1,100,000 after buying an additional 65 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Jack Henry & Associates by 0.6% in the 3rd quarter. UMB Bank n.a. now owns 10,870 shares of the technology company’s stock valued at $1,919,000 after purchasing an additional 66 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC increased its holdings in shares of Jack Henry & Associates by 0.9% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 7,629 shares of the technology company’s stock valued at $1,267,000 after purchasing an additional 71 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JKHY has been the subject of a number of research analyst reports. Compass Point initiated coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target for the company. Oppenheimer initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target 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 research note on Thursday, August 22nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $181.00 price objective on shares of Jack Henry & Associates in a research note on Friday, September 6th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $187.11.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $182.66 on Wednesday. Jack Henry & Associates, Inc. has a 12-month low of $137.17 and a 12-month high of $186.93. The stock has a market capitalization of $13.32 billion, a P/E ratio of 35.26, a P/E/G ratio of 3.36 and a beta of 0.64. The firm’s 50-day moving average is $176.82 and its two-hundred day moving average is $169.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (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 company had revenue of $559.91 million for the quarter, compared to analysts’ expectations of $563.37 million. During the same period last year, the company earned $1.34 EPS. Equities analysts predict that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were paid a dividend of $0.55 per share. The ex-dividend date was Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.20%. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

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.