Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Purchased by Capital Advisors Inc. OK

Capital Advisors Inc. OK boosted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,590 shares of the technology company’s stock after purchasing an additional 123 shares during the quarter. Capital Advisors Inc. OK’s holdings in Jack Henry & Associates were worth $260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Jack Henry & Associates by 1.3% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,742,546 shares of the technology company’s stock valued at $565,648,000 after acquiring an additional 46,534 shares during the period. State Street Corp boosted its holdings in shares of Jack Henry & Associates by 3.3% in the first quarter. State Street Corp now owns 3,204,604 shares of the technology company’s stock valued at $482,998,000 after acquiring an additional 101,262 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Jack Henry & Associates by 19.1% in the first quarter. JPMorgan Chase & Co. now owns 1,900,968 shares of the technology company’s stock valued at $286,513,000 after acquiring an additional 304,400 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Jack Henry & Associates by 0.7% in the first quarter. Geode Capital Management LLC now owns 1,713,380 shares of the technology company’s stock valued at $257,816,000 after acquiring an additional 11,665 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Jack Henry & Associates by 117.1% in the fourth quarter. Morgan Stanley now owns 1,709,702 shares of the technology company’s stock valued at $300,155,000 after acquiring an additional 922,054 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wolfe Research began coverage on Jack Henry & Associates in a report on Thursday, March 7th. They issued a “peer perform” rating for the company. Citigroup began coverage on Jack Henry & Associates in a report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price target for the company. TheStreet raised Jack Henry & Associates from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Evercore ISI increased their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Finally, Royal Bank of Canada increased their price target on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $171.58.

Jack Henry & Associates Trading Down 1.5 %

Shares of JKHY stock opened at $167.57 on Monday. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37. The stock has a market cap of $12.21 billion, a P/E ratio of 32.79, a P/E/G ratio of 3.93 and a beta of 0.66. The business has a fifty day simple moving average of $171.81 and a 200-day simple moving average of $162.11. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The business had revenue of $545.70 million during the quarter, compared to analysts’ expectations of $540.34 million. During the same quarter last year, the business posted $1.10 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts forecast that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Thursday, March 7th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 43.05%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.