Jacobson & Schmitt Advisors LLC Acquires 1,745 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Jacobson & Schmitt Advisors LLC grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,936 shares of the technology company’s stock after purchasing an additional 1,745 shares during the quarter. Jack Henry & Associates comprises about 1.9% of Jacobson & Schmitt Advisors LLC’s investment portfolio, making the stock its 27th biggest position. Jacobson & Schmitt Advisors LLC’s holdings in Jack Henry & Associates were worth $9,981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bridges Investment Management Inc. raised its holdings in Jack Henry & Associates by 1.7% in the 3rd quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock worth $575,000 after acquiring an additional 55 shares during the period. D.A. Davidson & CO. raised its holdings in Jack Henry & Associates by 1.2% in the 3rd quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock worth $877,000 after acquiring an additional 61 shares during the period. Townsquare Capital LLC raised its holdings in Jack Henry & Associates by 0.7% in the 3rd 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 period. Willis Investment Counsel raised its holdings in Jack Henry & Associates by 1.9% in the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company’s stock worth $640,000 after acquiring an additional 68 shares during the period. Finally, Huntington National Bank raised its holdings in Jack Henry & Associates by 20.9% in the 3rd quarter. Huntington National Bank now owns 451 shares of the technology company’s stock worth $80,000 after acquiring an additional 78 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $167.28 on Thursday. The stock has a market cap of $12.19 billion, a P/E ratio of 30.19, a PEG ratio of 3.31 and a beta of 0.61. The company’s 50-day simple moving average is $173.82 and its 200 day simple moving average is $174.78. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results 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, research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be paid a $0.58 dividend. The ex-dividend date is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.39%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is presently 41.88%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Stephens reiterated an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price on the stock. UBS Group raised their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada raised 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 report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and an average target price of $186.80.

About Jack Henry & Associates

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.