Empowered Funds LLC lifted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 36.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,600 shares of the technology company's stock after purchasing an additional 1,755 shares during the quarter. Empowered Funds LLC's holdings in Jack Henry & Associates were worth $1,157,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of JKHY. Fortitude Family Office LLC grew its holdings in shares of Jack Henry & Associates by 647.4% in the fourth 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Jack Henry & Associates in the third quarter valued at $26,000. ORG Partners LLC purchased a new position in shares of Jack Henry & Associates in the fourth quarter valued at $35,000. Catalyst Capital Advisors LLC purchased a new position in shares of Jack Henry & Associates in the third quarter valued at $48,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Jack Henry & Associates in the third quarter valued at $54,000. 98.75% of the stock is owned by hedge funds and other institutional investors.
Jack Henry & Associates Trading Up 0.8 %
Shares of JKHY traded up $1.34 during trading hours on Thursday, reaching $168.70. 369,953 shares of the company traded hands, compared to its average volume of 589,286. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 3.34 and a beta of 0.61. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. 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 stock's fifty day moving average price is $173.82 and its 200 day moving average price is $174.78.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data 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%. Sell-side analysts forecast 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 is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates's payout ratio is presently 39.71%.
Analysts Set New Price Targets
JKHY has been the subject of several recent analyst reports. Royal Bank of Canada lifted their price objective on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a "sector perform" rating in a research note on Thursday, November 7th. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective for the company. UBS Group lifted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Stephens reaffirmed an "equal weight" rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Finally, StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $186.80.
Read Our Latest Analysis on JKHY
About Jack Henry & Associates
(
Free Report)
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.
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