Cobblestone Capital Advisors LLC NY Acquires 21,466 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Cobblestone Capital Advisors LLC NY raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 21.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,782 shares of the technology company's stock after buying an additional 21,466 shares during the quarter. Jack Henry & Associates comprises approximately 1.2% of Cobblestone Capital Advisors LLC NY's holdings, making the stock its 24th largest position. Cobblestone Capital Advisors LLC NY owned about 0.17% of Jack Henry & Associates worth $21,348,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JKHY. Fortitude Family Office LLC boosted its stake 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 last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Jack Henry & Associates during the 3rd quarter worth approximately $26,000. National Pension Service bought a new position in shares of Jack Henry & Associates during the 4th quarter valued at approximately $27,000. ORG Partners LLC bought a new position in shares of Jack Henry & Associates during the 4th quarter valued at approximately $35,000. Finally, Manchester Capital Management LLC grew its holdings in shares of 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 purchasing an additional 235 shares in the last quarter. Institutional investors own 98.75% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently issued reports on JKHY shares. Stephens reaffirmed an "equal weight" rating and set a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. StockNews.com cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a research report on Thursday, November 7th. UBS Group boosted their price objective 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. Finally, Royal Bank of Canada raised their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $186.80.

Jack Henry & Associates Trading Up 0.3 %

JKHY stock traded up $0.61 during midday trading on Wednesday, reaching $177.63. The company's stock had a trading volume of 681,645 shares, compared to its average volume of 611,130. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 3.36 and a beta of 0.61. The stock has a fifty day simple moving average of $173.04 and a two-hundred day simple moving average of $175.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly 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%. On average, equities research analysts predict 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 paid a dividend of $0.58 per share. 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%.

About Jack Henry & Associates

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.