GSA Capital Partners LLP Raises Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

GSA Capital Partners LLP boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 95.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,602 shares of the technology company's stock after acquiring an additional 3,224 shares during the quarter. GSA Capital Partners LLP's holdings in Jack Henry & Associates were worth $1,166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Jack Henry & Associates by 0.5% during the first quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company's stock worth $1,509,441,000 after buying an additional 39,456 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Jack Henry & Associates by 1.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company's stock valued at $657,158,000 after purchasing an additional 67,386 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Jack Henry & Associates by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company's stock valued at $175,342,000 after acquiring an additional 23,617 shares during the period. Handelsbanken Fonder AB grew its position in shares of Jack Henry & Associates by 8.4% during the third quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company's stock worth $152,495,000 after acquiring an additional 66,600 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Jack Henry & Associates by 3.2% during the third quarter. Raymond James & Associates now owns 631,974 shares of the technology company's stock worth $111,569,000 after buying an additional 19,846 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JKHY has been the subject of several recent research reports. Stephens reaffirmed an "equal weight" rating and set a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Robert W. Baird boosted their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Compass Point began coverage on 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 began coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $206.00 price objective for the company. Finally, Royal Bank of Canada upped their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a "sector perform" rating in a research note on Thursday, November 7th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Jack Henry & Associates currently has a consensus rating of "Hold" and an average price target of $188.73.

Jack Henry & Associates Price Performance

JKHY stock traded up $0.76 during trading on Friday, hitting $173.21. The stock had a trading volume of 1,734,081 shares, compared to its average volume of 454,831. Jack Henry & Associates, Inc. has a 1-year low of $151.05 and a 1-year high of $189.63. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 3.29 and a beta of 0.63. The company's 50 day moving average price is $179.39 and its two-hundred day moving average price is $170.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.11.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. The firm had revenue of $600.98 million during the quarter, compared to analysts' expectations of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. Jack Henry & Associates's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 EPS. On average, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a $0.55 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.27%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 40.29%.

About Jack Henry & Associates

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.