Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Purchased by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC boosted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 159.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,992 shares of the technology company's stock after buying an additional 2,455 shares during the quarter. Tyche Wealth Partners LLC's holdings in Jack Henry & Associates were worth $700,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Jack Henry & Associates by 29.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,501 shares of the technology company's stock valued at $1,326,000 after buying an additional 1,718 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Jack Henry & Associates by 3.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 17,928 shares of the technology company's stock valued at $3,143,000 after purchasing an additional 608 shares during the period. Yousif Capital Management LLC increased its stake in shares of Jack Henry & Associates by 44.4% during the fourth quarter. Yousif Capital Management LLC now owns 13,775 shares of the technology company's stock worth $2,415,000 after purchasing an additional 4,238 shares in the last quarter. Mather Group LLC. raised its position in shares of Jack Henry & Associates by 12.2% during the 4th quarter. Mather Group LLC. now owns 761 shares of the technology company's stock worth $133,000 after purchasing an additional 83 shares during the last quarter. Finally, Trust Point Inc. acquired a new position in shares of Jack Henry & Associates during the 4th quarter worth about $295,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on JKHY shares. 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. William Blair downgraded Jack Henry & Associates from a "strong-buy" rating to a "hold" rating 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 note on Tuesday, November 26th. Keefe, Bruyette & Woods raised their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a research note on Thursday, November 7th. Finally, Robert W. Baird increased their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $186.80.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the sale, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.37% of the company's stock.

Jack Henry & Associates Trading Down 0.0 %

Shares of NASDAQ JKHY traded down $0.06 during trading on Friday, reaching $173.81. The stock had a trading volume of 464,808 shares, compared to its average volume of 616,773. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 3.11. The company has a market cap of $12.68 billion, a P/E ratio of 31.37, a PEG ratio of 3.46 and a beta of 0.61. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The business's 50-day moving average price is $174.77 and its 200-day moving average price is $174.77.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly 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 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 fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were given a $0.55 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 annualized dividend and a yield of 1.27%. Jack Henry & Associates's dividend payout ratio is presently 39.71%.

Jack Henry & Associates 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.