LRI Investments LLC Takes $173,000 Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

LRI Investments LLC bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,032 shares of the technology company’s stock, valued at approximately $173,000.

A number of other hedge funds have also modified their holdings of the stock. Planned Solutions Inc. acquired a new stake in shares of Jack Henry & Associates in the fourth quarter worth $33,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Jack Henry & Associates in the fourth quarter worth about $44,000. Riverview Trust Co acquired a new stake in shares of Jack Henry & Associates in the first quarter worth about $51,000. GAMMA Investing LLC acquired a new stake in shares of Jack Henry & Associates in the fourth quarter worth about $79,000. Finally, Janiczek Wealth Management LLC lifted its position in shares of Jack Henry & Associates by 55.4% in the first quarter. Janiczek Wealth Management LLC now owns 477 shares of the technology company’s stock worth $83,000 after buying an additional 170 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY traded up $2.85 during mid-day trading on Friday, hitting $170.33. The stock had a trading volume of 237,151 shares, compared to its average volume of 364,591. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $178.37. The stock has a market cap of $12.42 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 4.01 and a beta of 0.63. The company’s 50 day simple moving average is $165.24 and its 200 day simple moving average is $167.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.02. The firm had revenue of $538.56 million during the quarter, compared to the consensus estimate of $541.80 million. Jack Henry & Associates had a net margin of 17.28% and a return on equity of 22.18%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $1.12 earnings per share. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, May 28th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $2.20 annualized dividend and a yield of 1.29%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, May 8th. Evercore ISI lifted their price objective on Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, June 22nd. DA Davidson reiterated a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. Finally, Robert W. Baird boosted their price target on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $174.67.

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.