Sanctuary Advisors LLC Makes New $4.79 Million Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Sanctuary Advisors LLC acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 29,060 shares of the technology company's stock, valued at approximately $4,791,000.

Other hedge funds have also recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new position in shares of Jack Henry & Associates during the 2nd quarter worth approximately $25,000. Tortoise Investment Management LLC boosted its position in Jack Henry & Associates by 76.3% in the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company's stock worth $27,000 after purchasing an additional 71 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in Jack Henry & Associates in the 1st quarter valued at $30,000. Blue Trust Inc. increased its position in shares of Jack Henry & Associates by 148.9% during the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company's stock valued at $39,000 after purchasing an additional 134 shares during the last quarter. Finally, Riverview Trust Co bought a new stake in shares of Jack Henry & Associates during the 1st quarter worth $51,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock traded down $1.44 during mid-day trading on Friday, reaching $182.14. 526,979 shares of the stock traded hands, compared to its average volume of 441,593. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $184.82. The business's 50-day moving average is $171.45 and its 200-day moving average is $168.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $13.28 billion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.08. The company had revenue of $559.91 million during the quarter, compared to analyst estimates of $563.37 million. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. During the same period in the previous year, the business posted $1.34 earnings per share. As a group, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.82 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 annualized dividend and a yield of 1.21%. Jack Henry & Associates's payout ratio is 42.47%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JKHY. Royal Bank of Canada reissued a "sector perform" rating and set a $181.00 target price on shares of Jack Henry & Associates in a research report on Friday, September 6th. StockNews.com raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Thursday, August 15th. Evercore ISI boosted their target price on Jack Henry & Associates from $172.00 to $175.00 and gave the company an "in-line" rating in a research note on Tuesday, June 25th. Keefe, Bruyette & Woods increased their price target on Jack Henry & Associates from $178.00 to $180.00 and gave the stock a "market perform" rating in a research note on Thursday, August 22nd. Finally, Oppenheimer began coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They set an "outperform" rating and a $206.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $180.00.

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.