Sagespring Wealth Partners LLC Makes New Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Sagespring Wealth Partners LLC acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,108 shares of the technology company's stock, valued at approximately $1,071,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Jack Henry & Associates by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock valued at $1,544,634,000 after purchasing an additional 157,360 shares in the last quarter. Invesco Ltd. lifted its stake in Jack Henry & Associates by 29.9% in the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after acquiring an additional 471,507 shares in the last quarter. Geode Capital Management LLC boosted its position in Jack Henry & Associates by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock worth $349,796,000 after acquiring an additional 24,709 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after acquiring an additional 131,515 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Jack Henry & Associates by 95.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock valued at $229,057,000 after purchasing an additional 643,697 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Stock Performance

Shares of JKHY stock traded down $0.05 during midday trading on Friday, hitting $171.83. 400,860 shares of the company were exchanged, compared to its average volume of 537,597. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The firm's 50 day moving average price is $174.54 and its two-hundred day moving average price is $176.13. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $12.53 billion, a P/E ratio of 31.02, a PEG ratio of 3.36 and a beta of 0.71.

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 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%. As a group, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.58 per share. The ex-dividend date was Thursday, March 6th. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 1.35%. Jack Henry & Associates's dividend payout ratio (DPR) is currently 41.88%.

Analysts Set New Price Targets

JKHY has been the topic of several recent research reports. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a research note on Wednesday, April 2nd. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Finally, Wells Fargo & Company began coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price objective for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $186.45.

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.