Yousif Capital Management LLC Purchases 4,238 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Yousif Capital Management LLC increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 44.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,775 shares of the technology company's stock after acquiring an additional 4,238 shares during the period. Yousif Capital Management LLC's holdings in Jack Henry & Associates were worth $2,415,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

JKHY has been the subject of several research reports. UBS Group raised their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. William Blair cut Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Wells Fargo & Company assumed 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 for the company. 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. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Jack Henry & Associates currently has an average rating of "Hold" and an average target price of $186.80.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the sale, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.37% of the stock is currently owned by corporate insiders.

Jack Henry & Associates Stock Up 0.2 %

Shares of NASDAQ:JKHY traded up $0.28 during trading on Thursday, reaching $170.47. 508,545 shares of the company traded hands, compared to its average volume of 589,036. The firm has a fifty day simple moving average of $174.60 and a 200 day simple moving average of $174.89. 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, Inc. has a 1-year low of $157.00 and a 1-year high of $189.63. The firm has a market cap of $12.44 billion, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 3.46 and a beta of 0.61.

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

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.