Mawer Investment Management Ltd. Makes New Investment in Jack Henry & Associates, Inc. $JKHY

Mawer Investment Management Ltd. acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 187,865 shares of the technology company’s stock, valued at approximately $26,910,000.

Several other large investors also recently modified their holdings of the company. Diversified Trust Co purchased a new position in Jack Henry & Associates in the third quarter worth about $457,000. William Blair Investment Management LLC bought a new position in shares of Jack Henry & Associates in the 3rd quarter worth approximately $430,000. ICICI Prudential Asset Management Co Ltd lifted its stake in shares of Jack Henry & Associates by 31.9% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 33,093 shares of the technology company’s stock worth $4,740,000 after purchasing an additional 8,000 shares during the period. Maryland State Retirement & Pension System lifted its stake in shares of Jack Henry & Associates by 10.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 4,186 shares of the technology company’s stock worth $600,000 after purchasing an additional 394 shares during the period. Finally, Ritholtz Wealth Management lifted its stake in shares of Jack Henry & Associates by 227.7% in the 3rd quarter. Ritholtz Wealth Management now owns 5,115 shares of the technology company’s stock worth $733,000 after purchasing an additional 3,554 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

JKHY traded up $1.64 during trading on Friday, hitting $177.67. 755,145 shares of the company traded hands, compared to its average volume of 885,166. The company has a market cap of $12.37 billion, a PE ratio of 24.41, a P/E/G ratio of 2.14 and a beta of 0.55. The stock’s 50-day simple moving average is $157.67 and its two-hundred day simple moving average is $154.17. Jack Henry & Associates, Inc. has a 1 year low of $121.04 and a 1 year high of $193.39. 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 (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 3rd. The technology company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.21. The company had revenue of $682.18 million for the quarter, compared to the consensus estimate of $685.54 million. Jack Henry & Associates had a net margin of 19.96% and a return on equity of 24.46%. Jack Henry & Associates’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.97 EPS. As a group, sell-side 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th were given a dividend of $0.61 per share. The ex-dividend date was Friday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.4%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 33.52%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on JKHY. Bank of America started coverage on shares of Jack Henry & Associates in a research report on Thursday, October 15th. They set a “neutral” rating and a $165.00 target price for the company. Keefe, Bruyette & Woods upped their target price on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, November 5th. Wolfe Research increased their price target on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. KeyCorp began coverage on shares of Jack Henry & Associates in a research note on Monday, September 14th. They set an “overweight” rating and a $190.00 price target on the stock. Finally, Raymond James Financial upped their price objective on Jack Henry & Associates from $192.00 to $199.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.24.

Jack Henry & Associates Profile

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.