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

Benjamin F. Edwards & Company Inc. raised its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1,044.8% in the 4th quarter, HoldingsChannel reports. The fund owned 113,461 shares of the technology company’s stock after buying an additional 103,550 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Jack Henry & Associates were worth $18,540,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in shares of Jack Henry & Associates by 1,587.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 347,018 shares of the technology company’s stock valued at $56,706,000 after purchasing an additional 326,448 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Jack Henry & Associates by 21.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,043,098 shares of the technology company’s stock valued at $157,654,000 after purchasing an additional 181,811 shares during the period. Invesco Ltd. boosted its position in shares of Jack Henry & Associates by 15.3% in the 3rd quarter. Invesco Ltd. now owns 1,106,851 shares of the technology company’s stock valued at $167,289,000 after purchasing an additional 147,143 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Jack Henry & Associates by 66.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 356,819 shares of the technology company’s stock valued at $58,308,000 after purchasing an additional 142,878 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its position in Jack Henry & Associates by 4,881.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 127,730 shares of the technology company’s stock worth $19,305,000 after acquiring an additional 125,166 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JKHY has been the subject of a number of recent research reports. Evercore ISI increased their price objective on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. DA Davidson reissued a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research note on Tuesday. Robert W. Baird increased their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Royal Bank of Canada increased their target price on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. Finally, StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, April 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $174.42.

Jack Henry & Associates Trading Down 0.0 %

Jack Henry & Associates stock traded down $0.01 during midday trading on Thursday, reaching $162.51. The stock had a trading volume of 367,154 shares, compared to its average volume of 425,028. The stock’s 50-day simple moving average is $169.98 and its 200 day simple 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 twelve month low of $136.57 and a twelve month high of $178.37. The stock has a market capitalization of $11.84 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 3.81 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The company had revenue of $545.70 million for the quarter, compared to analyst estimates of $540.34 million. During the same period last year, the company posted $1.10 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. Analysts expect that Jack Henry & Associates, Inc. will post 5.11 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business 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. The ex-dividend date was Thursday, March 7th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 annualized dividend and a yield of 1.35%. Jack Henry & Associates’s dividend payout ratio (DPR) is 43.05%.

Jack Henry & Associates 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.