Allstate Corp Invests $359,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Allstate Corp acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,050 shares of the technology company’s stock, valued at approximately $359,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JKHY. Fortitude Family Office LLC increased its position in Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after purchasing an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at approximately $26,000. National Pension Service acquired a new position in Jack Henry & Associates in the fourth quarter worth approximately $27,000. ORG Partners LLC bought a new position in Jack Henry & Associates during the fourth quarter valued at approximately $35,000. Finally, Atala Financial Inc acquired a new stake in Jack Henry & Associates in the fourth quarter valued at approximately $40,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Up 0.0 %

Shares of JKHY stock opened at $184.11 on Thursday. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm has a market cap of $13.42 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. The stock has a 50 day moving average of $175.24 and a 200-day moving average of $176.49.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly 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%. On average, equities 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 was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.26%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 6th. Jack Henry & Associates’s payout ratio is currently 41.88%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Wells Fargo & Company began coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price on the stock. Finally, The Goldman Sachs Group upgraded Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price target for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $186.45.

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.