JGP Wealth Management LLC Buys 664 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

JGP Wealth Management LLC boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,716 shares of the technology company’s stock after purchasing an additional 664 shares during the quarter. JGP Wealth Management LLC’s holdings in Jack Henry & Associates were worth $9,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC lifted its holdings in shares of Jack Henry & Associates by 3.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock valued at $277,000 after purchasing an additional 54 shares during the last quarter. Bridges Investment Management Inc. raised its stake in Jack Henry & Associates by 1.7% in the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock valued at $575,000 after buying an additional 55 shares during the last quarter. D.A. Davidson & CO. raised its stake in Jack Henry & Associates by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock valued at $877,000 after buying an additional 61 shares during the last quarter. UMB Bank n.a. boosted its holdings in Jack Henry & Associates by 0.6% in the third quarter. UMB Bank n.a. now owns 10,870 shares of the technology company’s stock worth $1,919,000 after acquiring an additional 66 shares in the last quarter. Finally, Townsquare Capital LLC grew its stake in shares of Jack Henry & Associates by 0.7% during the third quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company’s stock worth $1,695,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on JKHY shares. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price for the company. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Wells Fargo & Company began coverage on Jack Henry & Associates in a research note on Tuesday. They set an “underweight” rating and a $155.00 price target on the stock. Finally, Royal Bank of Canada raised their price objective on 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. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus target price of $185.91.

Jack Henry & Associates Stock Up 0.3 %

Shares of JKHY stock opened at $172.50 on Friday. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63. The stock has a market cap of $12.59 billion, a P/E ratio of 31.59, a P/E/G ratio of 3.24 and a beta of 0.61. The stock has a 50 day moving average of $174.73 and a 200 day moving average of $173.80. 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 (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The firm had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. During the same period in the previous year, the firm earned $1.39 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.81 EPS for the current year.

Jack Henry & Associates Dividend Announcement

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

Insider Activity

In other news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction that occurred on 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 directly owns 138,665 shares of the company’s stock, valued at $23,756,087.80. This represents a 11.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.37% of the company’s stock.

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.