Strategic Financial Concepts LLC Makes New Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Strategic Financial Concepts LLC acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,076 shares of the technology company's stock, valued at approximately $2,643,000.

Other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its holdings in Jack Henry & Associates by 647.4% during the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock worth $25,000 after purchasing an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Jack Henry & Associates during the 3rd quarter worth about $26,000. ORG Partners LLC purchased a new stake in Jack Henry & Associates during the 4th quarter worth about $35,000. Manchester Capital Management LLC lifted its holdings in Jack Henry & Associates by 11,750.0% during the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company's stock worth $42,000 after purchasing an additional 235 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Jack Henry & Associates during the 3rd quarter worth about $48,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock traded up $2.43 during trading on Friday, hitting $171.13. 709,347 shares of the stock traded hands, compared to its average volume of 592,816. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 3.33 and a beta of 0.61. The firm's fifty day moving average is $173.58 and its 200-day moving average is $174.74. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.36%. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 39.71%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a research note on Thursday, November 7th. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price on the stock. UBS Group upped their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, Stephens restated an "equal weight" rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $186.80.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.