Stephens Inc. AR Grows Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Stephens Inc. AR grew its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,432 shares of the technology company’s stock after acquiring an additional 2,318 shares during the period. 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 large investors have also recently made changes to their positions in JKHY. V Square Quantitative Management LLC increased its position in shares of Jack Henry & Associates by 3.6% during the third quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock valued at $277,000 after buying an additional 54 shares during the period. Bridges Investment Management Inc. increased its holdings in Jack Henry & Associates by 1.7% during 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. lifted its stake 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 purchasing an additional 61 shares in the last quarter. Townsquare Capital LLC boosted 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 valued at $1,695,000 after purchasing an additional 67 shares during the period. Finally, Willis Investment Counsel grew its position in shares of Jack Henry & Associates by 1.9% during the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company’s stock valued at $640,000 after purchasing an additional 68 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Trading Down 1.5 %

Shares of JKHY opened at $170.97 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 3.11. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The firm has a 50 day moving average price of $174.73 and a 200-day moving average price of $174.92. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 3.46 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. As a group, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.36%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.71%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JKHY. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective on the stock. Royal Bank of Canada boosted their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. William Blair cut shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. UBS Group lifted their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods increased their price target 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $186.80.

Insiders Place Their Bets

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction 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 sale, the insider now owns 138,665 shares of the company’s stock, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.37% of the company’s stock.

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.