Linden Thomas Advisory Services LLC Has $1.41 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Linden Thomas Advisory Services LLC increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,644 shares of the technology company’s stock after purchasing an additional 311 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Jack Henry & Associates were worth $1,413,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Guinness Asset Management LTD lifted its position in shares of Jack Henry & Associates by 2.9% during the 3rd quarter. Guinness Asset Management LTD now owns 2,644 shares of the technology company’s stock worth $400,000 after purchasing an additional 74 shares during the last quarter. Curated Wealth Partners LLC lifted its position in shares of Jack Henry & Associates by 5.5% during the 3rd quarter. Curated Wealth Partners LLC now owns 1,438 shares of the technology company’s stock worth $217,000 after purchasing an additional 75 shares during the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of Jack Henry & Associates by 0.8% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,654 shares of the technology company’s stock worth $1,459,000 after purchasing an additional 81 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Jack Henry & Associates by 1.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,504 shares of the technology company’s stock valued at $1,134,000 after acquiring an additional 83 shares in the last quarter. Finally, Cardinal Capital Management raised its holdings in Jack Henry & Associates by 0.7% in the 4th quarter. Cardinal Capital Management now owns 13,380 shares of the technology company’s stock valued at $2,186,000 after acquiring an additional 89 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on JKHY. TheStreet raised Jack Henry & Associates from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Royal Bank of Canada upped their price objective on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a research note on Thursday, February 8th. Citigroup assumed coverage on Jack Henry & Associates in a research note on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price objective on the stock. Wolfe Research assumed coverage on Jack Henry & Associates in a research note on Thursday, March 7th. They issued a “peer perform” rating on the stock. Finally, Robert W. Baird upped their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and a consensus target price of $172.42.

Jack Henry & Associates Price Performance

NASDAQ JKHY traded down $0.62 during trading hours on Wednesday, reaching $165.86. 105,629 shares of the company’s stock were exchanged, compared to its average volume of 425,269. The stock has a market cap of $12.09 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 3.86 and a beta of 0.66. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37. The firm has a fifty day moving average of $171.02 and a 200-day moving average of $162.98. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. The firm had revenue of $545.70 million for the quarter, compared to analyst estimates of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. On average, equities research analysts predict that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.33%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 43.05%.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.