GAMMA Investing LLC Raises Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

GAMMA Investing LLC grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 19,937.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 467,273 shares of the technology company's stock after buying an additional 464,941 shares during the quarter. GAMMA Investing LLC owned 0.64% of Jack Henry & Associates worth $853,240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Pension Service bought a new position in Jack Henry & Associates during the 4th quarter worth approximately $27,000. Atala Financial Inc bought a new stake in Jack Henry & Associates in the fourth quarter valued at $40,000. Manchester Capital Management LLC raised its position in shares of Jack Henry & Associates by 11,750.0% in 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 during the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $54,000. Finally, Tortoise Investment Management LLC boosted its stake in Jack Henry & Associates by 76.9% in the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock worth $58,000 after purchasing an additional 143 shares during the period. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Stock Down 0.3%

Shares of JKHY stock traded down $0.59 during trading hours on Tuesday, reaching $179.78. The company had a trading volume of 137,785 shares, compared to its average volume of 569,543. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The business has a fifty day simple moving average of $176.34 and a 200-day simple moving average of $175.15. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75.

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

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, May 29th. Jack Henry & Associates's dividend payout ratio is currently 39.52%.

Analyst Ratings Changes

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

About Jack Henry & Associates

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.