Silver Lake Advisory LLC Acquires 3,910 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Silver Lake Advisory LLC grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 15.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 29,789 shares of the technology company’s stock after acquiring an additional 3,910 shares during the period. Jack Henry & Associates accounts for about 2.7% of Silver Lake Advisory LLC’s portfolio, making the stock its 13th largest position. Silver Lake Advisory LLC’s holdings in Jack Henry & Associates were worth $4,868,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in JKHY. Commonwealth Equity Services LLC increased its holdings in Jack Henry & Associates by 3.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,572 shares of the technology company’s stock valued at $1,296,000 after acquiring an additional 249 shares during the last quarter. Xponance Inc. increased its position in Jack Henry & Associates by 3.1% in the third quarter. Xponance Inc. now owns 12,529 shares of the technology company’s stock worth $1,894,000 after purchasing an additional 374 shares during the last quarter. Raymond James & Associates raised its stake in Jack Henry & Associates by 1.5% during the third quarter. Raymond James & Associates now owns 568,901 shares of the technology company’s stock valued at $85,984,000 after purchasing an additional 8,557 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Jack Henry & Associates by 0.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 41,501 shares of the technology company’s stock worth $6,273,000 after buying an additional 127 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in shares of Jack Henry & Associates by 10.1% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 15,685 shares of the technology company’s stock worth $2,371,000 after buying an additional 1,440 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, April 20th. Robert W. Baird increased their price target on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. DA Davidson reissued a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research note on Tuesday. Finally, Evercore ISI upped their price target on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates currently has an average rating of “Hold” and a consensus target price of $174.42.

Jack Henry & Associates Stock Up 0.5 %

NASDAQ JKHY traded up $0.79 during trading hours on Thursday, hitting $163.31. 86,368 shares of the company were exchanged, compared to its average volume of 421,696. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The company has a 50 day moving average of $169.98 and a two-hundred day moving average of $163.62. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15. The firm has a market cap of $11.90 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 3.81 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results 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 business 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 business posted $1.10 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts anticipate 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. Stockholders of record on Friday, March 8th were issued a $0.55 dividend. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 annualized dividend and a dividend 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%.

About Jack Henry & Associates

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.