West Coast Financial LLC Increases Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

West Coast Financial LLC raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,734 shares of the technology company’s stock after purchasing an additional 788 shares during the period. West Coast Financial LLC’s holdings in Jack Henry & Associates were worth $8,368,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in JKHY. Outlook Wealth Advisors LLC lifted its position in Jack Henry & Associates by 15.7% during the fourth quarter. Outlook Wealth Advisors LLC now owns 2,282 shares of the technology company’s stock valued at $400,000 after buying an additional 310 shares in the last quarter. Burney Co. grew its stake in Jack Henry & Associates by 2.0% during the 4th quarter. Burney Co. now owns 5,391 shares of the technology company’s stock valued at $945,000 after purchasing an additional 106 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Jack Henry & Associates by 52.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,898 shares of the technology company’s stock worth $1,735,000 after purchasing an additional 3,409 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Jack Henry & Associates by 17.2% in the 4th quarter. Park Avenue Securities LLC now owns 4,668 shares of the technology company’s stock valued at $818,000 after purchasing an additional 684 shares in the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth approximately $649,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Activity

In other 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 value of $3,215,676.40. Following the transaction, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.37% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on JKHY. Robert W. Baird increased their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer initiated coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target for the company. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research report on Tuesday. They issued an “underweight” rating and a $155.00 price objective on the stock. Royal Bank of Canada boosted their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Finally, Stephens reaffirmed an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Jack Henry & Associates has an average rating of “Hold” and an average price target of $185.91.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $171.97 on Thursday. The company’s 50-day moving average price is $174.88 and its two-hundred day moving average price is $173.81. The stock has a market cap of $12.55 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 3.24 and a beta of 0.61. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) 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 business had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. During the same period in the previous year, the firm posted $1.39 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.81 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.28%. Jack Henry & Associates’s dividend payout ratio is currently 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.