Strategic Financial Concepts LLC Acquires New Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Strategic Financial Concepts LLC purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 15,076 shares of the technology company's stock, valued at approximately $2,643,000.

Several other hedge funds have also recently made changes to their positions in the business. Czech National Bank lifted its stake in Jack Henry & Associates by 6.9% in the third quarter. Czech National Bank now owns 14,850 shares of the technology company's stock valued at $2,622,000 after buying an additional 959 shares during the period. CWM LLC lifted its position in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. CWM LLC now owns 1,803 shares of the technology company's stock valued at $318,000 after acquiring an additional 132 shares during the period. Wedmont Private Capital acquired a new position in shares of Jack Henry & Associates during the 3rd quarter valued at $208,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Jack Henry & Associates by 600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 700 shares of the technology company's stock worth $124,000 after purchasing an additional 600 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in Jack Henry & Associates by 5.2% in the third quarter. Ritholtz Wealth Management now owns 2,612 shares of the technology company's stock worth $461,000 after purchasing an additional 129 shares during the period. 98.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JKHY has been the topic of a number of research analyst reports. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective on the stock. Robert W. Baird increased their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods boosted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a report on Thursday, November 7th. StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Finally, Stephens reissued an "equal weight" rating and set a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of "Hold" and a consensus price target of $186.80.

Jack Henry & Associates Trading Down 2.2 %

Jack Henry & Associates stock traded down $3.81 during trading hours on Tuesday, reaching $169.85. The company had a trading volume of 196,291 shares, compared to its average volume of 586,372. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 30.69, a P/E/G ratio of 3.46 and a beta of 0.61. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.11 and a quick ratio of 1.11. The company has a 50-day moving average price of $174.77 and a 200 day moving average price of $174.87.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released 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%. Equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be issued a $0.58 dividend. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.37%. Jack Henry & Associates's dividend payout ratio is 39.71%.

Insider Buying and Selling at Jack Henry & Associates

In related news, insider David B. Foss sold 18,770 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the sale, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. This represents a 11.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.37% of the company's stock.

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.