Fulton Bank N.A. Makes New $343,000 Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Fulton Bank N.A. acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,880 shares of the technology company's stock, valued at approximately $343,000.

A number of other institutional investors have also recently added to or reduced their stakes in JKHY. JPMorgan Chase & Co. grew its stake in 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 valued at $316,326,000 after acquiring an additional 131,515 shares during the period. Spire Wealth Management acquired a new stake in Jack Henry & Associates in the 4th quarter valued at $79,000. Trust Point Inc. acquired a new stake in Jack Henry & Associates in the 4th quarter valued at $295,000. Mather Group LLC. grew its stake in Jack Henry & Associates by 12.2% in the 4th quarter. Mather Group LLC. now owns 761 shares of the technology company's stock valued at $133,000 after acquiring an additional 83 shares during the period. Finally, Yousif Capital Management LLC grew its stake in Jack Henry & Associates by 44.4% in the 4th quarter. Yousif Capital Management LLC now owns 13,775 shares of the technology company's stock valued at $2,415,000 after acquiring an additional 4,238 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JKHY. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Keefe, Bruyette & Woods decreased their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Finally, UBS Group decreased their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Jack Henry & Associates has an average rating of "Hold" and a consensus price target of $184.10.

Jack Henry & Associates Trading Up 0.5%

Shares of NASDAQ JKHY traded up $0.83 during trading on Friday, hitting $181.84. 277,436 shares of the company were exchanged, compared to its average volume of 570,440. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The company has a fifty day moving average price of $176.34 and a 200-day moving average price of $175.36. The firm has a market capitalization of $13.24 billion, a PE ratio of 32.82, a P/E/G ratio of 3.36 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Jack Henry & Associates's revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 EPS. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be issued a $0.58 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.32 annualized dividend and a yield of 1.28%. Jack Henry & Associates's dividend payout ratio (DPR) is currently 39.52%.

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.