GAMMA Investing LLC Invests $79,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

GAMMA Investing LLC acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 478 shares of the technology company’s stock, valued at approximately $79,000.

Other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. bought a new position in shares of Jack Henry & Associates in the 3rd quarter worth approximately $30,000. Planned Solutions Inc. bought a new position in Jack Henry & Associates in the fourth quarter worth approximately $33,000. Anchor Investment Management LLC purchased a new position in shares of Jack Henry & Associates during the 4th quarter worth $35,000. Federated Hermes Inc. bought a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at $72,000. Finally, Parkside Financial Bank & Trust raised its holdings in Jack Henry & Associates by 25.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 656 shares of the technology company’s stock worth $99,000 after purchasing an additional 133 shares during the period. Institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

JKHY has been the subject of several recent research reports. Evercore ISI boosted their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Robert W. Baird increased their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Citigroup assumed coverage on shares of Jack Henry & Associates in a report on Thursday, January 18th. They issued a “neutral” rating and a $177.00 target price for the company. Royal Bank of Canada raised their price target on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. Finally, Wolfe Research assumed coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They issued a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and an average target price of $172.42.

Jack Henry & Associates Price Performance

JKHY stock opened at $166.12 on Tuesday. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $178.37. The firm has a market capitalization of $12.11 billion, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 3.87 and a beta of 0.66. The company has a fifty day simple moving average of $170.38 and a two-hundred day simple moving average of $163.50. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The company had revenue of $545.70 million for the quarter, compared to analysts’ expectations of $540.34 million. During the same period in the previous year, the firm posted $1.10 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were issued a $0.55 dividend. The ex-dividend date was Thursday, March 7th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.32%. Jack Henry & Associates’s dividend payout ratio is presently 43.05%.

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.