Hennion & Walsh Asset Management Inc. Invests $333,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Hennion & Walsh Asset Management Inc. bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,826 shares of the technology company's stock, valued at approximately $333,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. AdvisorNet Financial Inc increased its stake in Jack Henry & Associates by 9.8% during the 1st quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock worth $153,000 after buying an additional 75 shares in the last quarter. Torray Investment Partners LLC boosted its holdings in shares of Jack Henry & Associates by 0.7% during the 4th quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock worth $1,831,000 after purchasing an additional 76 shares during the last quarter. Smith Shellnut Wilson LLC ADV boosted its holdings in shares of Jack Henry & Associates by 1.1% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock worth $1,238,000 after purchasing an additional 77 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Jack Henry & Associates by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock valued at $401,000 after purchasing an additional 79 shares in the last quarter. Finally, Moran Wealth Management LLC grew its position in shares of Jack Henry & Associates by 2.2% in the fourth quarter. Moran Wealth Management LLC now owns 3,871 shares of the technology company's stock valued at $679,000 after purchasing an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of recent research reports. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. 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. Wall Street Zen raised shares of 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 research report on Tuesday, February 18th. Finally, UBS Group reduced 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, May 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of "Hold" and a consensus price target of $184.10.

Jack Henry & Associates Trading Down 0.3%

JKHY traded down $0.45 during mid-day trading on Tuesday, hitting $179.51. 692,501 shares of the stock were exchanged, compared to its average volume of 571,533. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The firm's fifty day moving average is $176.26 and its two-hundred day moving average is $175.47. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The company has a market cap of $13.07 billion, a PE ratio of 32.40, a PEG ratio of 3.36 and a beta of 0.73.

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

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be paid a dividend of $0.58 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.29%. Jack Henry & Associates's payout ratio is 39.52%.

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.