Proficio Capital Partners LLC bought a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 33,833 shares of the technology company's stock, valued at approximately $5,931,000.
Several other hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC increased its holdings in Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Jack Henry & Associates in the 3rd quarter worth approximately $26,000. National Pension Service bought a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $27,000. ORG Partners LLC purchased a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $35,000. Finally, Manchester Capital Management LLC boosted its stake in Jack Henry & Associates by 11,750.0% in the fourth quarter. Manchester Capital Management LLC now owns 237 shares of the technology company's stock valued at $42,000 after acquiring an additional 235 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.
Jack Henry & Associates Price Performance
Jack Henry & Associates stock traded up $7.77 during midday trading on Friday, reaching $191.28. The company had a trading volume of 1,300,634 shares, compared to its average volume of 632,623. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $193.02. The firm's fifty day simple moving average is $173.16 and its 200-day simple moving average is $175.43. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $13.94 billion, a P/E ratio of 34.53, a P/E/G ratio of 3.36 and a beta of 0.61.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. As a group, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.
Jack Henry & Associates Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be given a $0.58 dividend. The ex-dividend date is Thursday, March 6th. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.21%. Jack Henry & Associates's dividend payout ratio is 41.88%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on JKHY. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods lifted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a research note on Thursday, November 7th. 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. StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada boosted their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $186.80.
Get Our Latest Research Report on Jack Henry & Associates
Jack Henry & Associates Company Profile
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Free Report)
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.
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