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

Castlekeep Investment Advisors LLC purchased a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,239 shares of the technology company's stock, valued at approximately $1,444,000.

A number of other large investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Jack Henry & Associates by 7.9% in 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 period. Ballentine Partners LLC bought a new position in Jack Henry & Associates during the fourth quarter worth $201,000. Curated Wealth Partners LLC acquired a new position in Jack Henry & Associates in the fourth quarter valued at $232,000. Dynamic Advisor Solutions LLC lifted its holdings in Jack Henry & Associates by 8.6% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,644 shares of the technology company's stock valued at $814,000 after buying an additional 367 shares during the period. Finally, Fenimore Asset Management Inc boosted its position in Jack Henry & Associates by 0.8% during the fourth quarter. Fenimore Asset Management Inc now owns 214,364 shares of the technology company's stock valued at $37,578,000 after acquiring an additional 1,717 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Up 1.4%

NASDAQ JKHY traded up $2.59 during mid-day trading on Tuesday, hitting $184.59. The company's stock had a trading volume of 825,818 shares, compared to its average volume of 570,215. The firm has a market capitalization of $13.44 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 3.36 and a beta of 0.75. The company's 50 day simple moving average is $175.89 and its 200 day simple moving average is $174.99. 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, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00.

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

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.26%. Jack Henry & Associates's dividend payout ratio (DPR) is currently 39.52%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on JKHY shares. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. UBS Group lowered their target price on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. The Goldman Sachs Group upgraded 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. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $184.10.

Jack Henry & Associates 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.