15,076 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 15,076 shares of the technology company’s stock, valued at approximately $2,643,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC grew its position in Jack Henry & Associates by 7.9% in the third quarter. CWM LLC now owns 1,803 shares of the technology company’s stock worth $318,000 after buying an additional 132 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Jack Henry & Associates during the 3rd quarter worth $68,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Jack Henry & Associates by 19.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,498 shares of the technology company’s stock worth $1,500,000 after acquiring an additional 1,395 shares during the last quarter. V Square Quantitative Management LLC raised 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 worth $277,000 after purchasing an additional 54 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Jack Henry & Associates by 159.4% during the third quarter. Blue Trust Inc. now owns 581 shares of the technology company’s stock valued at $96,000 after purchasing an additional 357 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on JKHY shares. Royal Bank of Canada lifted their target price 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. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. UBS Group lifted their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods upped their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company initiated coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $166.47 on Tuesday. The company has a market cap of $12.15 billion, a PE ratio of 30.05, a PEG ratio of 3.46 and a beta of 0.61. The company has a current ratio of 3.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The company’s 50-day moving average is $174.24 and its two-hundred day moving average is $174.85.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) 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%. Equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be paid a $0.58 dividend. 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. This represents a $2.32 annualized dividend and a yield of 1.39%. Jack Henry & Associates’s dividend payout ratio is presently 39.71%.

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.