O Shaughnessy Asset Management LLC Increases Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

O Shaughnessy Asset Management LLC increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 33.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,068 shares of the technology company's stock after buying an additional 3,037 shares during the period. O Shaughnessy Asset Management LLC's holdings in Jack Henry & Associates were worth $2,116,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Fortitude Family Office LLC raised its position in shares of Jack Henry & Associates by 647.4% during the 4th 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at about $26,000. National Pension Service purchased a new stake in Jack Henry & Associates in the 4th quarter worth about $27,000. ORG Partners LLC purchased a new stake in Jack Henry & Associates in the 4th quarter worth about $35,000. Finally, Atala Financial Inc purchased a new stake in Jack Henry & Associates in the 4th quarter worth about $40,000. Institutional investors own 98.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on JKHY shares. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. 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 on the stock. Northcoast Research downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Finally, The Goldman Sachs Group upgraded shares of 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $186.45.

Remove Ads

Jack Henry & Associates Stock Down 0.2 %

Shares of Jack Henry & Associates stock traded down $0.38 during trading hours on Thursday, hitting $170.33. The company had a trading volume of 133,015 shares, compared to its average volume of 530,038. The company's 50-day moving average is $174.70 and its two-hundred day moving average is $176.27. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month 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 company has a market cap of $12.42 billion, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71.

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 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%. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were paid a dividend of $0.58 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.36%. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio is currently 41.88%.

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.