WCM Investment Management LLC Purchases 1,621 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

WCM Investment Management LLC lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 88.9% during the 4th quarter, HoldingsChannel reports. The firm owned 3,445 shares of the technology company’s stock after acquiring an additional 1,621 shares during the period. WCM Investment Management LLC’s holdings in Jack Henry & Associates were worth $603,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Entropy Technologies LP boosted its holdings in shares of Jack Henry & Associates by 508.0% during the 4th quarter. Entropy Technologies LP now owns 10,379 shares of the technology company’s stock valued at $1,819,000 after buying an additional 8,672 shares in the last quarter. Empowered Funds LLC lifted its position in Jack Henry & Associates by 36.2% during the 4th quarter. Empowered Funds LLC now owns 6,600 shares of the technology company’s stock valued at $1,157,000 after acquiring an additional 1,755 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Jack Henry & Associates by 1.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,634 shares of the technology company’s stock valued at $1,514,000 after acquiring an additional 136 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Jack Henry & Associates by 4.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,198 shares of the technology company’s stock worth $31,589,000 after acquiring an additional 7,523 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in Jack Henry & Associates in the fourth quarter worth about $2,643,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

JKHY opened at $173.66 on Tuesday. The company’s 50-day simple moving average is $174.77 and its two-hundred day simple moving average is $174.87. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 3.11. The stock has a market capitalization of $12.67 billion, a P/E ratio of 31.35, a P/E/G ratio of 3.46 and a beta of 0.61. 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 quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates 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, analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be paid a $0.58 dividend. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.34%. Jack Henry & Associates’s dividend payout ratio (DPR) is 39.71%.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the transaction, the insider now owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price for the company. Stephens reiterated an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Robert W. Baird raised their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada upped their price target on shares of 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 analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates 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.