Marshall Financial Group LLC Buys 315 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Marshall Financial Group LLC grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 6,344 shares of the technology company’s stock after buying an additional 315 shares during the period. Marshall Financial Group LLC’s holdings in Jack Henry & Associates were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service acquired a new stake in Jack Henry & Associates during the fourth quarter worth about $27,000. Atala Financial Inc acquired a new stake in shares of Jack Henry & Associates during the 4th quarter worth approximately $40,000. Manchester Capital Management LLC grew its holdings in shares of Jack Henry & Associates by 11,750.0% during the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock worth $42,000 after purchasing an additional 235 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of Jack Henry & Associates during the fourth quarter valued at approximately $54,000. Finally, Tortoise Investment Management LLC increased its position in shares of Jack Henry & Associates by 76.9% during the fourth quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company’s stock valued at $58,000 after purchasing an additional 143 shares during the period. Institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on JKHY shares. Keefe, Bruyette & Woods reduced their target price on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating for the company in a research report on Thursday, May 8th. UBS Group dropped their price objective on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. The Goldman Sachs Group raised shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price on the stock in a research note on Wednesday, April 2nd. Finally, Wall Street Zen upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $184.10.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $180.18 on Friday. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The company has a 50 day moving average of $176.30 and a 200-day moving average of $175.52. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of 32.52, a PEG ratio of 3.36 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. The business had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same period in the prior year, the company earned $1.19 EPS. Jack Henry & Associates’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 29th. Jack Henry & Associates’s dividend payout ratio is currently 39.52%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.