Dynamic Advisor Solutions LLC Acquires 367 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Dynamic Advisor Solutions LLC increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,644 shares of the technology company’s stock after acquiring an additional 367 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Jack Henry & Associates were worth $814,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Fortitude Family Office LLC raised its position 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 during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Jack Henry & Associates during the third quarter valued at about $26,000. ORG Partners LLC acquired a new position in Jack Henry & Associates in the 4th quarter valued at approximately $35,000. Catalyst Capital Advisors LLC bought a new stake in shares of Jack Henry & Associates in the 3rd quarter worth approximately $48,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter worth approximately $54,000. 98.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on JKHY. William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective for the company. Royal Bank of Canada lifted their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Robert W. Baird increased their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, UBS Group lifted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Trading Down 0.1 %

JKHY stock opened at $173.88 on Monday. The business has a fifty day moving average price of $174.49 and a 200 day moving average price of $174.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 31.85, a P/E/G ratio of 3.27 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $1.39 earnings per share. Analysts expect that Jack Henry & Associates, Inc. will post 5.81 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were given a dividend of $0.55 per share. The ex-dividend date of this dividend 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 40.29%.

Insider Activity

In related news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the transaction, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is owned by insiders.

About Jack Henry & Associates

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.