Kolinsky Wealth Management LLC Boosts Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Kolinsky Wealth Management LLC raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,459 shares of the technology company’s stock after acquiring an additional 96 shares during the quarter. Kolinsky Wealth Management LLC’s holdings in Jack Henry & Associates were worth $258,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Caisse DE Depot ET Placement DU Quebec purchased a new position in Jack Henry & Associates during the third quarter valued at $1,651,000. PDT Partners LLC acquired a new stake in shares of Jack Henry & Associates in the third quarter valued at about $1,723,000. Eventide Asset Management LLC acquired a new stake in shares of Jack Henry & Associates in the third quarter valued at about $1,614,000. Verition Fund Management LLC raised its position in shares of Jack Henry & Associates by 735.1% in the third quarter. Verition Fund Management LLC now owns 19,816 shares of the technology company’s stock valued at $3,498,000 after buying an additional 17,443 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its position in shares of Jack Henry & Associates by 14.3% in the third quarter. Public Sector Pension Investment Board now owns 3,195 shares of the technology company’s stock valued at $564,000 after buying an additional 400 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $176.18 on Friday. Jack Henry & Associates, Inc. has a 1-year low of $154.77 and a 1-year high of $189.63. The stock has a market cap of $12.85 billion, a PE ratio of 32.27, a P/E/G ratio of 3.28 and a beta of 0.63. The firm has a 50-day simple moving average of $179.07 and a two-hundred day simple moving average of $171.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business had revenue of $600.98 million during the quarter, compared to analysts’ expectations of $599.56 million. During the same period last year, the business earned $1.39 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the sale, the insider now directly owns 138,665 shares in the company, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Compass Point assumed coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price for the company. Stephens reiterated an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. 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. Finally, UBS Group increased their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $188.73.

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.