Sfmg LLC Invests $213,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Sfmg LLC bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,303 shares of the technology company’s stock, valued at approximately $213,000.

Other institutional investors have also modified their holdings of the company. Planned Solutions Inc. purchased a new position in shares of Jack Henry & Associates during the fourth quarter worth approximately $33,000. NBC Securities Inc. purchased a new position in Jack Henry & Associates during the third quarter valued at approximately $30,000. Anchor Investment Management LLC purchased a new position in Jack Henry & Associates during the fourth quarter valued at approximately $35,000. KB Financial Partners LLC purchased a new position in Jack Henry & Associates during the first quarter valued at approximately $52,000. Finally, State of Wyoming increased its holdings in Jack Henry & Associates by 6,800.0% during the fourth quarter. State of Wyoming now owns 345 shares of the technology company’s stock valued at $61,000 after buying an additional 340 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Up 0.6 %

Shares of NASDAQ JKHY opened at $164.67 on Thursday. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $178.37. The stock has a market cap of $12.00 billion, a PE ratio of 32.23, a P/E/G ratio of 3.84 and a beta of 0.66. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $171.75 and a 200 day moving average of $162.40.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The company had revenue of $545.70 million during the quarter, compared to analysts’ expectations of $540.34 million. During the same quarter in the prior year, the company earned $1.10 EPS. Jack Henry & Associates’s revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.11 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.34%. The ex-dividend date was Thursday, March 7th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s dividend payout ratio is currently 43.05%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, February 7th. Citigroup initiated coverage on shares of Jack Henry & Associates in a research note on Thursday, January 18th. They set a “neutral” rating and a $177.00 price objective for the company. Wolfe Research initiated coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They set a “peer perform” rating for the company. TheStreet upgraded shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Finally, Evercore ISI boosted their target price on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $172.42.

Jack Henry & Associates Company 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.