LPL Financial LLC increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,693 shares of the technology company's stock after buying an additional 16,514 shares during the quarter. LPL Financial LLC owned 0.11% of Jack Henry & Associates worth $13,947,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of JKHY. Fortitude Family Office LLC increased its position 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 acquiring an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Jack Henry & Associates in the third quarter valued at approximately $26,000. National Pension Service acquired a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $27,000. ORG Partners LLC bought a new stake in shares of Jack Henry & Associates during the 4th quarter worth approximately $35,000. Finally, Atala Financial Inc acquired a new stake in Jack Henry & Associates in the fourth quarter valued at $40,000. Institutional investors own 98.75% of the company's stock.
Jack Henry & Associates Trading Down 1.9 %
NASDAQ JKHY traded down $3.26 during trading hours on Monday, hitting $169.36. 1,130,064 shares of the company's stock were exchanged, compared to its average volume of 527,668. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 3.36 and a beta of 0.71. The stock has a 50-day simple moving average of $175.26 and a 200 day simple moving average of $176.50. 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 announced 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%. On average, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.
Jack Henry & Associates Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio (DPR) is 41.88%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on JKHY shares. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price for the company. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price for the company in a research note on Wednesday, April 2nd. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Finally, William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $186.45.
View Our Latest Analysis on Jack Henry & Associates
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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