Allstate Corp Makes New $359,000 Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Allstate Corp bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,050 shares of the technology company's stock, valued at approximately $359,000.

A number of other institutional investors and hedge funds also recently modified their holdings of JKHY. Fortitude Family Office LLC grew its stake in Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after purchasing 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 about $26,000. National Pension Service bought a new position in Jack Henry & Associates during the fourth quarter valued at about $27,000. ORG Partners LLC purchased a new stake in Jack Henry & Associates during the fourth quarter worth about $35,000. Finally, Atala Financial Inc bought a new stake in Jack Henry & Associates in the fourth quarter worth about $40,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY traded down $3.26 during midday trading on Monday, reaching $169.36. 1,130,064 shares of the company traded hands, compared to its average volume of 527,668. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00. The firm's fifty day moving average price is $175.26 and its two-hundred day moving average price is $176.50. 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 firm has a market capitalization of $12.35 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced 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 net margin of 17.83% and a return on equity of 21.55%. On average, 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 declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.37%. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 41.88%.

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.