Nicholson Wealth Management Group LLC Invests $943,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Nicholson Wealth Management Group LLC bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the third quarter, Holdings Channel reports. The fund bought 5,339 shares of the technology company’s stock, valued at approximately $943,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in shares of Jack Henry & Associates by 6,680.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock valued at $19,158,000 after acquiring an additional 113,696 shares in the last quarter. Boston Trust Walden Corp boosted its position in shares of Jack Henry & Associates by 3.0% in the second quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company’s stock worth $35,318,000 after buying an additional 6,173 shares during the period. Norden Group LLC purchased a new position in shares of Jack Henry & Associates during the first quarter valued at $1,411,000. State Board of Administration of Florida Retirement System raised its position in Jack Henry & Associates by 4.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 91,114 shares of the technology company’s stock valued at $15,829,000 after buying an additional 4,252 shares during the period. Finally, Epoch Investment Partners Inc. lifted its stake in Jack Henry & Associates by 23.3% in the 1st quarter. Epoch Investment Partners Inc. now owns 359,330 shares of the technology company’s stock worth $62,426,000 after acquiring an additional 67,816 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Up 0.1 %

Shares of NASDAQ:JKHY opened at $184.59 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $13.46 billion, a PE ratio of 35.64, a P/E/G ratio of 3.35 and a beta of 0.64. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $186.93. The firm has a fifty day moving average price of $176.09 and a 200 day moving average price of $169.47.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The company had revenue of $559.91 million during the quarter, compared to the consensus estimate of $563.37 million. During the same quarter in the prior year, the company posted $1.34 EPS. Analysts expect that Jack Henry & Associates, Inc. will post 5.82 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is 42.47%.

Wall Street Analyst Weigh In

JKHY has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $181.00 target price on shares of Jack Henry & Associates in a research note on Friday, September 6th. Robert W. Baird upped their price objective 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. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price for the company. Keefe, Bruyette & Woods boosted their price target on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. Finally, Compass Point initiated coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and an average price target of $187.11.

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.