GSA Capital Partners LLP Has $1.17 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

GSA Capital Partners LLP increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 95.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,602 shares of the technology company’s stock after buying an additional 3,224 shares during the period. GSA Capital Partners LLP’s holdings in Jack Henry & Associates were worth $1,166,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JKHY. Assenagon Asset Management S.A. raised its holdings in shares of Jack Henry & Associates by 6,680.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock valued at $19,158,000 after purchasing an additional 113,696 shares in the last quarter. Boston Trust Walden Corp lifted its position in shares of Jack Henry & Associates by 3.0% in the second quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company’s stock worth $35,318,000 after buying an additional 6,173 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Jack Henry & Associates by 4.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 91,114 shares of the technology company’s stock worth $15,829,000 after acquiring an additional 4,252 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in shares of Jack Henry & Associates by 23.3% in the 1st quarter. Epoch Investment Partners Inc. now owns 359,330 shares of the technology company’s stock valued at $62,426,000 after acquiring an additional 67,816 shares in the last quarter. Finally, UniSuper Management Pty Ltd lifted its holdings in Jack Henry & Associates by 569.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 6,049 shares of the technology company’s stock worth $1,051,000 after purchasing an additional 5,146 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 1.4 %

Shares of JKHY stock opened at $172.45 on Friday. The firm has a fifty day moving average of $179.40 and a 200-day moving average of $170.87. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 3.34 and a beta of 0.63. Jack Henry & Associates, Inc. has a 52-week low of $151.05 and a 52-week high of $189.63. 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) last posted its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The firm had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. During the same quarter in the prior year, the business posted $1.39 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.20 annualized dividend and a yield of 1.28%. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Analyst Upgrades and Downgrades

Several brokerages have commented on JKHY. Robert W. Baird increased their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. William Blair downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Royal Bank of Canada upped their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Stephens reiterated an “equal weight” rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Friday. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates has an average rating of “Hold” and an average price target of $188.73.

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.