Jack Henry & Associates, Inc. $JKHY Shares Purchased by AlphaCore Capital LLC

AlphaCore Capital LLC raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 235.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,196 shares of the technology company’s stock after buying an additional 3,646 shares during the quarter. AlphaCore Capital LLC’s holdings in Jack Henry & Associates were worth $744,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Essential Partners LLC lifted its holdings in shares of Jack Henry & Associates by 65.8% during the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after purchasing an additional 73 shares during the last quarter. Entrust Financial LLC boosted its position in shares of Jack Henry & Associates by 73.1% in the 3rd quarter. Entrust Financial LLC now owns 187 shares of the technology company’s stock worth $27,000 after purchasing an additional 79 shares in the last quarter. Empirical Finance LLC grew its stake in shares of Jack Henry & Associates by 3.3% in the 2nd quarter. Empirical Finance LLC now owns 2,576 shares of the technology company’s stock worth $355,000 after buying an additional 82 shares during the last quarter. JGP Wealth Management LLC grew its stake in shares of Jack Henry & Associates by 0.7% in the 3rd quarter. JGP Wealth Management LLC now owns 11,985 shares of the technology company’s stock worth $1,717,000 after buying an additional 84 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of Jack Henry & Associates by 1.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 7,842 shares of the technology company’s stock worth $1,123,000 after buying an additional 97 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $177.67 on Friday. The business’s fifty day simple moving average is $157.67 and its two-hundred day simple moving average is $154.17. The company has a current ratio of 1.38, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a 12 month low of $121.04 and a 12 month high of $193.39. The company has a market cap of $12.37 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 2.14 and a beta of 0.55.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 3rd. The technology company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.21. Jack Henry & Associates had a return on equity of 24.46% and a net margin of 19.96%. The firm had revenue of $682.18 million during the quarter, compared to analysts’ expectations of $685.54 million. During the same quarter in the previous year, the business earned $1.97 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. Research analysts anticipate that Jack Henry & Associates, Inc. will post 7.40 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. The Goldman Sachs Group lifted their price objective on Jack Henry & Associates from $158.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. Oppenheimer lifted their price target on Jack Henry & Associates from $208.00 to $209.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. DA Davidson upped their price target on shares of Jack Henry & Associates from $198.00 to $212.00 and gave the stock a “buy” rating in a research note on Friday, November 6th. UBS Group increased their price objective on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, November 5th. Finally, Royal Bank Of Canada lifted their target price on shares of Jack Henry & Associates from $178.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, November 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates currently has an average rating of “Moderate Buy” and an average target price of $195.24.

About Jack Henry & Associates

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.