Jacobson & Schmitt Advisors LLC Boosts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Jacobson & Schmitt Advisors LLC raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,936 shares of the technology company’s stock after buying an additional 1,745 shares during the period. Jack Henry & Associates makes up about 1.9% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 27th biggest holding. Jacobson & Schmitt Advisors LLC owned approximately 0.08% of Jack Henry & Associates worth $9,981,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Fortitude Family Office LLC raised its stake in Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Jack Henry & Associates during the third quarter worth about $26,000. ORG Partners LLC acquired a new stake in Jack Henry & Associates during the fourth quarter worth about $35,000. Manchester Capital Management LLC raised its stake in Jack Henry & Associates by 11,750.0% during the fourth quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock worth $42,000 after acquiring an additional 235 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in Jack Henry & Associates during the third quarter worth about $48,000. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

JKHY has been the topic of several analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Royal Bank of Canada raised their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target on the stock. Finally, William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Trading Down 0.3 %

Shares of NASDAQ:JKHY opened at $167.28 on Thursday. The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 3.31 and a beta of 0.61. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $189.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The company has a 50 day moving average price of $173.82 and a 200 day moving average price of $174.78.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. On average, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.58 per share. The ex-dividend date is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.39%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio (DPR) is 41.88%.

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.