Cobblestone Capital Advisors LLC NY Purchases 2,061 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Cobblestone Capital Advisors LLC NY grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 98,909 shares of the technology company’s stock after purchasing an additional 2,061 shares during the quarter. Jack Henry & Associates makes up about 1.0% of Cobblestone Capital Advisors LLC NY’s portfolio, making the stock its 27th largest position. Cobblestone Capital Advisors LLC NY owned 0.14% of Jack Henry & Associates worth $16,421,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JKHY. Tortoise Investment Management LLC grew its position in shares of Jack Henry & Associates by 76.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after buying an additional 71 shares during the period. New Covenant Trust Company N.A. acquired a new position in shares of Jack Henry & Associates during the first quarter valued at about $30,000. Blue Trust Inc. grew its stake in shares of Jack Henry & Associates by 148.9% in the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after buying an additional 134 shares during the period. VisionPoint Advisory Group LLC bought a new stake in Jack Henry & Associates in the 4th quarter valued at about $44,000. Finally, Riverview Trust Co acquired a new position in Jack Henry & Associates during the 1st quarter worth approximately $51,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, August 22nd. Compass Point began coverage on shares of Jack Henry & Associates in a research report on Wednesday. They issued a “neutral” rating and a $186.00 price target on the stock. Evercore ISI boosted their price target on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $181.00 target price on shares of Jack Henry & Associates in a report on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $177.25.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY traded down $3.01 on Friday, reaching $169.64. 422,776 shares of the company’s stock were exchanged, compared to its average volume of 439,652. The firm has a market cap of $12.37 billion, a price-to-earnings ratio of 32.75, a P/E/G ratio of 3.07 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.39. The stock has a fifty day simple moving average of $167.37 and a 200-day simple moving average of $167.80. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.08. The business 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 earned $1.34 EPS. As a group, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.79 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.20 annualized dividend and a yield of 1.30%. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

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.