RWA Wealth Partners LLC Takes $909,000 Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

RWA Wealth Partners LLC acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,183 shares of the technology company's stock, valued at approximately $909,000.

Other hedge funds have also made changes to their positions in the company. Cerity Partners LLC raised its holdings in Jack Henry & Associates by 29.0% in the third quarter. Cerity Partners LLC now owns 6,236 shares of the technology company's stock valued at $1,101,000 after acquiring an additional 1,403 shares in the last quarter. D.A. Davidson & CO. raised its position in Jack Henry & Associates by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company's stock worth $877,000 after acquiring an additional 61 shares in the last quarter. FMR LLC lifted its position in shares of Jack Henry & Associates by 7.8% during the 3rd quarter. FMR LLC now owns 19,815 shares of the technology company's stock valued at $3,498,000 after acquiring an additional 1,428 shares during the period. Townsquare Capital LLC grew its stake in Jack Henry & Associates by 0.7% in the 3rd quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company's stock valued at $1,695,000 after acquiring an additional 67 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its position in Jack Henry & Associates by 5.8% during the third quarter. Glenmede Trust Co. NA now owns 3,188 shares of the technology company's stock worth $563,000 after buying an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

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Jack Henry & Associates Stock Performance

NASDAQ JKHY traded down $11.98 during trading hours on Friday, reaching $172.62. 879,744 shares of the company were exchanged, compared to its average volume of 525,259. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00. The business's 50 day simple moving average is $175.42 and its 200-day simple moving average is $176.53. The stock has a market capitalization of $12.58 billion, a P/E ratio of 31.16, a P/E/G ratio of 3.36 and a beta of 0.65. The company has a quick ratio of 1.17, a current 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 (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%. On average, 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 business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were given a $0.58 dividend. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.34%. Jack Henry & Associates's dividend payout ratio is presently 41.88%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target for the company in a report on Wednesday. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price on the stock. Finally, Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates currently has an average rating of "Hold" and an average price target of $186.45.

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.