Enterprise Financial Services Corp Purchases Shares of 5,135 Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Enterprise Financial Services Corp purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,135 shares of the technology company's stock, valued at approximately $900,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC grew its holdings in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock worth $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Jack Henry & Associates during the third quarter worth about $26,000. National Pension Service purchased a new stake in Jack Henry & Associates during the 4th quarter valued at about $27,000. ORG Partners LLC acquired a new stake in Jack Henry & Associates in the 4th quarter valued at about $35,000. Finally, Manchester Capital Management LLC lifted its stake in Jack Henry & Associates by 11,750.0% in 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. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JKHY has been the subject of a number of analyst reports. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. 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 for the company. Finally, StockNews.com cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. 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 stock. According to MarketBeat.com, Jack Henry & Associates has a consensus rating of "Hold" and an average target price of $186.80.

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Jack Henry & Associates Trading Down 7.1 %

JKHY traded down $13.46 on Tuesday, hitting $176.69. The company had a trading volume of 1,502,917 shares, compared to its average volume of 663,460. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm has a market cap of $12.88 billion, a P/E ratio of 31.89, a PEG ratio of 3.36 and a beta of 0.65. The company's fifty day moving average price is $173.75 and its 200 day moving average price is $175.94. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released 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 net margin of 17.83% and a return on equity of 21.55%. As a group, equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's payout ratio is currently 41.88%.

Jack Henry & Associates Company 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.