Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,644 shares of the technology company’s stock after buying an additional 311 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Jack Henry & Associates were worth $1,413,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Jack Henry & Associates by 1.3% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,742,546 shares of the technology company’s stock worth $565,648,000 after buying an additional 46,534 shares during the period. Invesco Ltd. boosted its position in Jack Henry & Associates by 15.3% in the 3rd quarter. Invesco Ltd. now owns 1,106,851 shares of the technology company’s stock worth $167,289,000 after purchasing an additional 147,143 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Jack Henry & Associates by 21.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,043,098 shares of the technology company’s stock worth $157,654,000 after purchasing an additional 181,811 shares during the period. Northern Trust Corp grew its stake in shares of Jack Henry & Associates by 3.5% during the 3rd quarter. Northern Trust Corp now owns 818,737 shares of the technology company’s stock worth $123,744,000 after purchasing an additional 28,017 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in shares of Jack Henry & Associates by 10.9% during the 4th quarter. Handelsbanken Fonder AB now owns 764,600 shares of the technology company’s stock worth $124,943,000 after purchasing an additional 75,200 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.4 %

NASDAQ:JKHY traded down $0.62 during mid-day trading on Wednesday, reaching $165.86. The company’s stock had a trading volume of 105,629 shares, compared to its average volume of 425,269. The company’s fifty day simple moving average is $171.02 and its two-hundred day simple moving average is $162.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $178.37. The stock has a market cap of $12.09 billion, a P/E ratio of 32.26, a P/E/G ratio of 3.86 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.14 by $0.12. The business had revenue of $545.70 million for the quarter, compared to the consensus estimate of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The company’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 5.11 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were issued a dividend of $0.55 per share. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 43.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on JKHY shares. Wolfe Research started coverage on shares of Jack Henry & Associates in a research note on Thursday, March 7th. They set a “peer perform” rating on the stock. Royal Bank of Canada lifted their price target on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a research note on Thursday, February 8th. Evercore ISI lifted their price target on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. Finally, Robert W. Baird lifted their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $172.42.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.