Savant Capital LLC Makes New $221,000 Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Savant Capital LLC acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,350 shares of the technology company’s stock, valued at approximately $221,000.

A number of other hedge funds have also modified their holdings of the stock. NBC Securities Inc. acquired a new position in Jack Henry & Associates during the third quarter worth $30,000. Planned Solutions Inc. acquired a new position in Jack Henry & Associates in the fourth quarter valued at about $33,000. Anchor Investment Management LLC bought a new stake in Jack Henry & Associates during the fourth quarter worth about $35,000. Federated Hermes Inc. acquired a new stake in shares of Jack Henry & Associates during the third quarter worth approximately $72,000. Finally, GAMMA Investing LLC bought a new position in shares of Jack Henry & Associates in the fourth quarter valued at approximately $79,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Up 0.4 %

Jack Henry & Associates stock opened at $165.65 on Wednesday. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 3.84 and a beta of 0.66. The company’s 50 day simple moving average is $169.14 and its 200 day simple moving average is $164.24.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.02. The company had revenue of $538.56 million during the quarter, compared to analyst estimates of $541.80 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 EPS. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.12 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were given a $0.55 dividend. The ex-dividend date was Thursday, March 7th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 annualized dividend and a dividend yield of 1.33%. Jack Henry & Associates’s payout ratio is currently 43.05%.

Analysts Set New Price Targets

A number of research firms recently commented on JKHY. Citigroup started coverage on Jack Henry & Associates in a research report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price target on the stock. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, April 20th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, February 7th. Robert W. Baird boosted their target price on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, Wolfe Research assumed coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $174.42.

Jack Henry & Associates Company 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.