Benjamin Edwards Inc. Has $22.71 Million Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Benjamin Edwards Inc. raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 129,514 shares of the technology company's stock after acquiring an additional 1,860 shares during the quarter. Benjamin Edwards Inc. owned approximately 0.18% of Jack Henry & Associates worth $22,709,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in JKHY. Wilmington Savings Fund Society FSB bought a new stake in shares of Jack Henry & Associates during the third quarter valued at approximately $26,000. Tidal Investments LLC boosted its holdings in Jack Henry & Associates by 0.8% in the third quarter. Tidal Investments LLC now owns 11,776 shares of the technology company's stock valued at $2,079,000 after acquiring an additional 92 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Jack Henry & Associates by 5.6% in the third quarter. Franklin Resources Inc. now owns 8,981 shares of the technology company's stock valued at $1,655,000 after acquiring an additional 475 shares during the last quarter. Principal Financial Group Inc. increased its position in Jack Henry & Associates by 21.1% in the third quarter. Principal Financial Group Inc. now owns 341,460 shares of the technology company's stock worth $60,281,000 after purchasing an additional 59,450 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after purchasing an additional 131,515 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on JKHY shares. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target for the company in a research note on Wednesday, April 2nd. Wells Fargo & Company started coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective on the stock. Finally, Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Jack Henry & Associates presently has an average rating of "Hold" and a consensus price target of $185.30.

Jack Henry & Associates Price Performance

Shares of JKHY stock traded down $0.15 during trading hours on Tuesday, reaching $172.12. The company's stock had a trading volume of 918,520 shares, compared to its average volume of 550,676. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm's 50 day simple moving average is $175.12 and its 200-day simple moving average is $175.20. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 3.36 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.36 by $0.16. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 EPS. Sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Thursday, March 6th. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio (DPR) is currently 41.88%.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.