Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. raised its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1,044.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,461 shares of the technology company’s stock after buying an additional 103,550 shares during the period. Benjamin F. Edwards & Company Inc. owned about 0.16% of Jack Henry & Associates worth $18,540,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. NBC Securities Inc. acquired a new stake in shares of Jack Henry & Associates during the third quarter worth about $30,000. Planned Solutions Inc. acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $33,000. Anchor Investment Management LLC acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $35,000. Federated Hermes Inc. acquired a new stake in shares of Jack Henry & Associates during the third quarter worth about $72,000. Finally, GAMMA Investing LLC purchased a new position in shares of Jack Henry & Associates during the fourth quarter worth about $79,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Down 0.0 %

Jack Henry & Associates stock traded down $0.01 during trading on Thursday, reaching $162.51. 367,154 shares of the company’s stock were exchanged, compared to its average volume of 425,028. The company’s 50-day moving average is $169.98 and its two-hundred day moving average is $163.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The firm has a market cap of $11.84 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 3.81 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $545.70 million during the quarter, compared to analysts’ expectations of $540.34 million. During the same period in the prior year, the company earned $1.10 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. On average, analysts predict that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were given a $0.55 dividend. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio is presently 43.05%.

Analysts Set New Price Targets

JKHY has been the topic of a number of analyst reports. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, April 20th. DA Davidson reissued a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research note on Tuesday. Evercore ISI boosted their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. Citigroup began coverage on Jack Henry & Associates in a research report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price objective for the company. Finally, Wolfe Research initiated coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They set a “peer perform” rating for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $174.42.

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.