Empire Life Investments Inc. Buys 86 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Empire Life Investments Inc. raised its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,477 shares of the technology company’s stock after purchasing an additional 86 shares during the quarter. Empire Life Investments Inc.’s holdings in Jack Henry & Associates were worth $1,837,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JKHY. CWM LLC lifted 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 valued at $318,000 after purchasing an additional 132 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in Jack Henry & Associates in the third quarter valued at approximately $68,000. SeaCrest Wealth Management LLC bought a new stake in Jack Henry & Associates in the third quarter valued at approximately $205,000. Cardinal Capital Management lifted its position in Jack Henry & Associates by 4.3% in the third quarter. Cardinal Capital Management now owns 16,510 shares of the technology company’s stock valued at $2,915,000 after purchasing an additional 678 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Jack Henry & Associates by 19.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,498 shares of the technology company’s stock valued at $1,500,000 after buying an additional 1,395 shares during the period. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

JKHY has been the topic of several research analyst reports. UBS Group boosted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Royal Bank of Canada boosted their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company initiated coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates Trading Down 2.3 %

NASDAQ JKHY opened at $166.47 on Friday. 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 cap of $12.15 billion, a P/E ratio of 30.05, a P/E/G ratio of 3.46 and a beta of 0.61. The stock’s fifty day moving average price is $174.54 and its 200-day moving average price is $174.86. 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 (NASDAQ:JKHY) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. As a group, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be paid a $0.58 dividend. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio is currently 39.71%.

Insider Transactions at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now directly owns 138,665 shares of the company’s stock, valued at $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.37% of the company’s stock.

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.