Stephens Inc. AR Acquires 2,318 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Stephens Inc. AR increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 14.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,432 shares of the technology company’s stock after acquiring an additional 2,318 shares during the quarter. Stephens Inc. AR’s holdings in Jack Henry & Associates were worth $3,231,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. CWM LLC raised its holdings in shares of Jack Henry & Associates by 7.9% during the third quarter. CWM LLC now owns 1,803 shares of the technology company’s stock valued at $318,000 after purchasing an additional 132 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in Jack Henry & Associates by 600.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 700 shares of the technology company’s stock valued at $124,000 after buying an additional 600 shares in the last quarter. Ritholtz Wealth Management raised its stake in Jack Henry & Associates by 5.2% during the 3rd quarter. Ritholtz Wealth Management now owns 2,612 shares of the technology company’s stock worth $461,000 after buying an additional 129 shares during the period. Exchange Traded Concepts LLC bought a new position in Jack Henry & Associates in the third quarter worth approximately $68,000. Finally, SeaCrest Wealth Management LLC bought a new position in Jack Henry & Associates in the third quarter worth approximately $205,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

JKHY has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their price objective on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. UBS Group lifted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Stephens restated an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Finally, Robert W. Baird lifted their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $186.80.

Insider Buying and Selling at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the stock in a transaction 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 owns 138,665 shares in the company, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Jack Henry & Associates Stock Performance

JKHY stock opened at $170.97 on Wednesday. The business has a 50 day moving average of $174.73 and a 200-day moving average of $174.92. The firm has a market cap of $12.47 billion, a PE ratio of 30.86, a P/E/G ratio of 3.46 and a beta of 0.61. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The company has a quick ratio of 1.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a $0.58 dividend. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.36%. Jack Henry & Associates’s payout ratio is currently 39.71%.

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.