Callan Family Office LLC Acquires Shares of 3,058 Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Callan Family Office LLC acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,058 shares of the technology company's stock, valued at approximately $536,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JKHY. Principal Financial Group Inc. grew its holdings in Jack Henry & Associates by 21.1% during the third quarter. Principal Financial Group Inc. now owns 341,460 shares of the technology company's stock valued at $60,281,000 after purchasing an additional 59,450 shares during the last quarter. Portside Wealth Group LLC grew its holdings in Jack Henry & Associates by 6.9% during the third quarter. Portside Wealth Group LLC now owns 1,370 shares of the technology company's stock valued at $242,000 after purchasing an additional 88 shares during the last quarter. Bridges Investment Management Inc. grew its holdings in Jack Henry & Associates by 1.7% during the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company's stock valued at $575,000 after purchasing an additional 55 shares during the last quarter. Covestor Ltd grew its holdings in Jack Henry & Associates by 32.6% during the third quarter. Covestor Ltd now owns 1,013 shares of the technology company's stock valued at $179,000 after purchasing an additional 249 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new stake in shares of Jack Henry & Associates in the third quarter worth $321,000. Institutional investors and hedge funds own 98.75% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price objective on the stock. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Northcoast Research downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Jack Henry & Associates has an average rating of "Hold" and an average price target of $186.80.

Jack Henry & Associates Stock Performance

JKHY stock traded down $3.55 during midday trading on Wednesday, hitting $173.14. The stock had a trading volume of 1,020,428 shares, compared to its average volume of 671,084. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 31.25, a P/E/G ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The stock has a 50-day simple moving average of $173.74 and a 200 day simple moving average of $176.01. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.34 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%. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost 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 1.34%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 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.