Belpointe Asset Management LLC Invests $83,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Belpointe Asset Management LLC acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 470 shares of the technology company’s stock, valued at approximately $83,000.

A number of other large investors have also recently bought and sold shares of JKHY. Vanguard Group Inc. increased its holdings in shares of Jack Henry & Associates by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,800,903 shares of the technology company’s stock valued at $1,604,141,000 after acquiring an additional 133,741 shares during the last quarter. BlackRock Inc. raised its position in shares of Jack Henry & Associates by 0.7% in the third quarter. BlackRock Inc. now owns 7,456,260 shares of the technology company’s stock valued at $1,359,051,000 after purchasing an additional 49,073 shares during the period. State Street Corp lifted its stake in shares of Jack Henry & Associates by 0.3% in the third quarter. State Street Corp now owns 3,177,564 shares of the technology company’s stock worth $579,175,000 after buying an additional 10,492 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Jack Henry & Associates by 2.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 897,058 shares of the technology company’s stock worth $163,509,000 after buying an additional 21,336 shares during the period. Finally, UBS Asset Management Americas Inc. grew its stake in Jack Henry & Associates by 15.7% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 813,406 shares of the technology company’s stock valued at $148,260,000 after buying an additional 110,300 shares during the last quarter. 90.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Jack Henry & Associates

In other news, Director Laura G. Kelly bought 1,000 shares of the company’s stock in a transaction dated Tuesday, March 14th. The stock was bought at an average price of $145.29 per share, for a total transaction of $145,290.00. Following the completion of the transaction, the director now directly owns 16,194 shares in the company, valued at approximately $2,352,826.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.58% of the company’s stock.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $148.80 on Friday. The business’s fifty day moving average is $151.98 and its two-hundred day moving average is $168.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market cap of $10.84 billion, a P/E ratio of 31.13, a P/E/G ratio of 3.48 and a beta of 0.63. Jack Henry & Associates, Inc. has a 52 week low of $139.28 and a 52 week high of $212.62.

Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The technology company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.03. Jack Henry & Associates had a net margin of 17.24% and a return on equity of 23.71%. The business had revenue of $508.55 million for the quarter, compared to the consensus estimate of $500.76 million. During the same quarter in the prior year, the company earned $1.16 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts forecast that Jack Henry & Associates, Inc. will post 4.82 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Friday, May 26th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.40%. The ex-dividend date is Thursday, May 25th. Jack Henry & Associates’s dividend payout ratio is 43.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on JKHY shares. DA Davidson decreased their price target on shares of Jack Henry & Associates from $188.00 to $180.00 in a report on Wednesday, April 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $184.00 price target (down from $193.00) on shares of Jack Henry & Associates in a research report on Thursday, February 9th. Stephens reissued an “equal weight” rating and issued a $185.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, February 8th. Oppenheimer dropped their target price on shares of Jack Henry & Associates from $181.00 to $176.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 19th. Finally, StockNews.com started coverage on shares of Jack Henry & Associates in a report on Thursday. They issued a “hold” rating for the company. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $177.40.

Jack Henry & Associates Company Profile

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Jack Henry & Associates, Inc is a technology company, which engages in the provision of technology solutions and payment processing services primarily for financial services organizations. 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, general ledger transactions, and maintain centralized customer or member information.