Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by Marshall Financial Group LLC

Marshall Financial Group LLC lifted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,029 shares of the technology company’s stock after purchasing an additional 197 shares during the quarter. Marshall Financial Group LLC’s holdings in Jack Henry & Associates were worth $1,057,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after acquiring an additional 131,515 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Jack Henry & Associates in the 3rd quarter valued at about $618,000. Nordea Investment Management AB grew its stake in shares of Jack Henry & Associates by 50.8% in the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after buying an additional 263,021 shares during the period. XTX Topco Ltd increased its holdings in shares of Jack Henry & Associates by 137.3% during the 3rd quarter. XTX Topco Ltd now owns 7,761 shares of the technology company’s stock worth $1,370,000 after buying an additional 4,491 shares during the last quarter. Finally, Pensionfund Sabic purchased a new stake in shares of Jack Henry & Associates during the 4th quarter valued at approximately $1,315,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Royal Bank of Canada raised their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price objective on the stock. Stephens reaffirmed an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Robert W. Baird boosted their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, UBS Group increased their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $186.80.

Insider Activity

In other news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.37% of the company’s stock.

Jack Henry & Associates Stock Down 0.1 %

Shares of NASDAQ JKHY opened at $173.88 on Friday. The stock has a market cap of $12.69 billion, a P/E ratio of 31.85, a PEG ratio of 3.27 and a beta of 0.61. The business’s fifty day simple moving average is $174.49 and its 200-day simple moving average is $174.30. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03.

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

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

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.