Proficio Capital Partners LLC Takes $5.93 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Proficio Capital Partners LLC purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 33,833 shares of the technology company's stock, valued at approximately $5,931,000.

A number of other institutional investors have also made changes to their positions in JKHY. Entropy Technologies LP bought a new position in Jack Henry & Associates during the third quarter worth about $301,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Jack Henry & Associates by 5.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 172,675 shares of the technology company's stock valued at $30,484,000 after acquiring an additional 9,537 shares during the period. Victory Capital Management Inc. raised its position in shares of Jack Henry & Associates by 4.9% in the 3rd quarter. Victory Capital Management Inc. now owns 70,850 shares of the technology company's stock valued at $12,508,000 after acquiring an additional 3,314 shares during the period. Huntington National Bank boosted its stake in Jack Henry & Associates by 20.9% during the 3rd quarter. Huntington National Bank now owns 451 shares of the technology company's stock worth $80,000 after acquiring an additional 78 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Jack Henry & Associates by 2.8% during the third quarter. CIBC Asset Management Inc now owns 10,655 shares of the technology company's stock valued at $1,881,000 after purchasing an additional 295 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Down 1.1 %

Shares of JKHY stock traded down $1.92 on Thursday, hitting $175.25. 287,340 shares of the stock were exchanged, compared to its average volume of 498,817. 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 firm has a market capitalization of $12.78 billion, a P/E ratio of 31.63, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The business has a 50-day moving average of $174.16 and a 200 day moving average of $176.17.

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Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released 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%. Equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.32%. Jack Henry & Associates's payout ratio is 41.88%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JKHY. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Wells Fargo & Company initiated coverage on 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 lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Finally, William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates has an average rating of "Hold" and a consensus price target 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.