Outlook Wealth Advisors LLC Buys 310 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Outlook Wealth Advisors LLC increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 15.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,282 shares of the technology company’s stock after purchasing an additional 310 shares during the period. Outlook Wealth Advisors LLC’s holdings in Jack Henry & Associates were worth $400,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. State Street Corp raised its holdings in Jack Henry & Associates by 1.7% during the 3rd quarter. State Street Corp now owns 3,976,658 shares of the technology company’s stock valued at $702,039,000 after buying an additional 67,716 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Jack Henry & Associates by 1.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company’s stock valued at $657,158,000 after purchasing an additional 67,386 shares during the last quarter. JPMorgan Chase & Co. raised its position in Jack Henry & Associates by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after purchasing an additional 131,515 shares during the period. Handelsbanken Fonder AB raised its position in Jack Henry & Associates by 8.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company’s stock worth $152,495,000 after purchasing an additional 66,600 shares during the period. Finally, Nordea Investment Management AB lifted its stake in Jack Henry & Associates by 50.8% in the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after purchasing an additional 263,021 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Insiders Place Their Bets

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the transaction, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Robert W. Baird raised their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada raised their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. William Blair cut shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. UBS Group raised their target price 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. Finally, Keefe, Bruyette & Woods raised their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $185.91.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $171.97 on Thursday. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The company has a market capitalization of $12.55 billion, a PE ratio of 31.50, a P/E/G ratio of 3.24 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50-day simple moving average of $174.88 and a two-hundred day simple moving average of $173.81.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm had revenue of $600.98 million during the quarter, compared to analysts’ expectations of $599.56 million. During the same quarter last year, the firm earned $1.39 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Research analysts expect that Jack Henry & Associates, Inc. will post 5.81 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were paid a $0.55 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.28%. Jack Henry & Associates’s dividend payout ratio (DPR) is 40.29%.

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.