Jack Henry & Associates, Inc. $JKHY Shares Newly Purchased by Mawer Investment Management Ltd.

Key Points

• Mawer Investment Management opened a new position in Jack Henry & Associates, buying 187,865 shares valued at about $26.9 million, or roughly 0.27% of the company.
• Jack Henry reported quarterly EPS of $2.28, beating the $2.07 consensus, while revenue rose 8.8% year over year to $682.2 million but fell short of estimates.
• Analysts rated the stock a “Moderate Buy,” with a consensus price target of $195.24; the company also pays a quarterly dividend of $0.61 per share.

Mawer Investment Management Ltd. acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 187,865 shares of the technology company's stock, valued at approximately $26,910,000. Mawer Investment Management Ltd. owned approximately 0.27% of Jack Henry & Associates at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of JKHY. Van ECK Associates Corp increased its stake in shares of Jack Henry & Associates by 1,918.2% during the second quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company's stock valued at $180,213,000 after purchasing an additional 1,243,526 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Jack Henry & Associates by 13,343.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company's stock worth $170,430,000 after purchasing an additional 1,070,376 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Jack Henry & Associates by 13.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 752,025 shares of the technology company's stock worth $118,842,000 after purchasing an additional 86,810 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Jack Henry & Associates by 33.8% in the 1st quarter. First Trust Advisors LP now owns 734,298 shares of the technology company's stock worth $116,048,000 after purchasing an additional 185,465 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its stake in shares of Jack Henry & Associates by 82.4% in the 1st quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company's stock worth $107,718,000 after buying an additional 307,886 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

JKHY traded up $1.64 during midday trading on Friday, hitting $177.67. 755,145 shares of the company traded hands, compared to its average volume of 885,166. The company has a quick ratio of 1.17, a current ratio of 1.38 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $12.37 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 2.14 and a beta of 0.55. The company's 50-day moving average is $157.67 and its 200 day moving average is $154.17. Jack Henry & Associates, Inc. has a 52 week low of $121.04 and a 52 week high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The technology company reported $2.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.07 by $0.21. Jack Henry & Associates had a net margin of 19.96% and a return on equity of 24.46%. The firm had revenue of $682.18 million for the quarter, compared to the consensus estimate of $685.54 million. During the same quarter last year, the firm posted $1.97 EPS. The business's quarterly revenue was up 8.8% compared to the same quarter last year. On average, research analysts expect that Jack Henry & Associates, Inc. will post 7.40 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Monday, September 7th were issued a $0.61 dividend. The ex-dividend date was Friday, September 4th. This represents a $2.44 annualized dividend and a yield of 1.4%. Jack Henry & Associates's dividend payout ratio (DPR) is currently 33.52%.

Analyst Upgrades and Downgrades

JKHY has been the subject of a number of analyst reports. DA Davidson raised their price objective on Jack Henry & Associates from $198.00 to $212.00 and gave the company a "buy" rating in a research report on Friday, November 6th. Royal Bank Of Canada boosted their target price on Jack Henry & Associates from $178.00 to $195.00 and gave the stock an "outperform" rating in a report on Thursday, November 5th. The Goldman Sachs Group increased their target price on Jack Henry & Associates from $158.00 to $178.00 and gave the stock a "neutral" rating in a research note on Thursday, August 20th. Morgan Stanley cut their target price on Jack Henry & Associates from $170.00 to $158.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 30th. Finally, KeyCorp initiated coverage on Jack Henry & Associates in a report on Monday, September 14th. They set an "overweight" rating and a $190.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $195.24.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc. is a financial technology company that provides software and services to banks and credit unions. Founded in 1976 and headquartered in Monett, Missouri, the company focuses on helping financial institutions manage operations and serve customers. Its offerings include core banking systems, digital banking platforms, payment processing, lending solutions, and tools for managing fraud, risk, and information security. Jack Henry also provides data, hosting, and related technology services.

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