Strategic Financial Concepts LLC Purchases New Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Strategic Financial Concepts LLC bought a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,076 shares of the technology company’s stock, valued at approximately $2,643,000.

Other hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC grew its holdings in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Jack Henry & Associates in the 3rd quarter valued at about $26,000. ORG Partners LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth approximately $35,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Jack Henry & Associates during the third quarter worth approximately $48,000. Finally, Point72 Asset Management L.P. purchased a new position in Jack Henry & Associates during the third quarter valued at approximately $54,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 0.0 %

Shares of Jack Henry & Associates stock opened at $173.81 on Monday. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The stock has a market capitalization of $12.68 billion, a P/E ratio of 31.37, a PEG ratio of 3.46 and a beta of 0.61. The company has a quick ratio of 1.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average price of $174.77 and a two-hundred day moving average price of $174.83.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) 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%. Equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were paid a $0.55 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.27%. Jack Henry & Associates’s payout ratio is presently 39.71%.

Analysts Set New Price Targets

A number of research firms have issued reports on JKHY. Stephens reiterated an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Wells Fargo & Company began 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. Keefe, Bruyette & Woods upped their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird lifted 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued 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 price target of $186.80.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction 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. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.37% of the stock is owned by insiders.

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.