WCM Investment Management LLC Purchases 1,621 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

WCM Investment Management LLC raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 88.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,445 shares of the technology company's stock after acquiring an additional 1,621 shares during the period. WCM Investment Management LLC's holdings in Jack Henry & Associates were worth $603,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of JKHY. Fortitude Family Office LLC raised its holdings in Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock worth $25,000 after buying an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Jack Henry & Associates during the third quarter worth about $26,000. ORG Partners LLC acquired a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $35,000. Catalyst Capital Advisors LLC bought a new position in Jack Henry & Associates in the 3rd quarter valued at about $48,000. Finally, Point72 Asset Management L.P. acquired a new position in Jack Henry & Associates during the 3rd quarter valued at about $54,000. Institutional investors own 98.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JKHY. Keefe, Bruyette & Woods raised their target price 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. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective on the stock. Stephens reiterated an "equal weight" rating and issued a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a research report on Thursday, November 7th. Finally, UBS Group upped their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of "Hold" and an average price target of $186.80.

Jack Henry & Associates Stock Performance

JKHY traded down $2.69 on Tuesday, hitting $170.97. The company's stock had a trading volume of 532,878 shares, compared to its average volume of 599,825. The firm has a market cap of $12.47 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 3.46 and a beta of 0.61. The company's 50 day simple moving average is $174.73 and its 200-day simple moving average is $174.92. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The company has a quick ratio of 1.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued 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 return on equity of 21.55% and a net margin of 17.83%. Analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.36%. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates's payout ratio is presently 39.71%.

Insiders Place Their Bets

In related news, insider David B. Foss sold 18,770 shares of the stock in a transaction 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 transaction, the insider now owns 138,665 shares of the company's stock, valued at $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.37% of the company's stock.

About Jack Henry & Associates

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.