8,239 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Purchased by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,239 shares of the technology company's stock, valued at approximately $1,444,000.

Several other large investors have also recently modified their holdings of JKHY. Fortitude Family Office LLC increased its position in Jack Henry & Associates by 647.4% during the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Jack Henry & Associates in the 3rd quarter valued at $26,000. National Pension Service acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $27,000. ORG Partners LLC purchased a new stake in Jack Henry & Associates in the fourth quarter valued at approximately $35,000. Finally, Atala Financial Inc purchased a new position in Jack Henry & Associates during the 4th quarter worth approximately $40,000. Institutional investors own 98.75% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. 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 on the stock in a report on Wednesday, April 2nd. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. UBS Group lowered their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company began coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $184.10.

Jack Henry & Associates Price Performance

JKHY stock traded up $1.54 during midday trading on Friday, reaching $180.96. The stock had a trading volume of 631,326 shares, compared to its average volume of 557,025. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00. The company has a market cap of $13.19 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. The company's fifty day simple moving average is $175.11 and its 200 day simple moving average is $175.12. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The firm had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same period in the previous year, the business posted $1.19 earnings per share. Jack Henry & Associates's quarterly revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Company Profile

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.