Gallagher Capital Advisors LLC Invests $257,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Gallagher Capital Advisors LLC bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,465 shares of the technology company's stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors have also made changes to their positions in JKHY. Principal Financial Group Inc. lifted its holdings in Jack Henry & Associates by 21.1% during the 3rd 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 lifted its holdings in Jack Henry & Associates by 6.9% during the 3rd 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. lifted its holdings in Jack Henry & Associates by 1.7% during the 3rd 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 lifted its holdings in Jack Henry & Associates by 32.6% during the 3rd 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 Jack Henry & Associates during the 3rd quarter valued at $321,000. 98.75% of the stock is owned by institutional investors.

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Jack Henry & Associates Price Performance

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

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Equities research analysts expect 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 will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Thursday, March 6th. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's payout ratio is currently 41.88%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on JKHY. StockNews.com downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a 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 target price for the company. Finally, Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $186.80.

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.