Jefferies Financial Group Inc. Buys New Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Jefferies Financial Group Inc. acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,589 shares of the technology company's stock, valued at approximately $2,032,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Willis Investment Counsel raised its position in shares of Jack Henry & Associates by 1.9% in the fourth quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock valued at $640,000 after buying an additional 68 shares during the last quarter. Torray Investment Partners LLC grew its stake in 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 valued at $1,831,000 after acquiring an additional 76 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Jack Henry & Associates by 3.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock valued at $401,000 after acquiring an additional 79 shares in the last quarter. Mather Group LLC. raised its holdings 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 last quarter. Finally, Moran Wealth Management LLC lifted its stake in Jack Henry & Associates by 2.2% in the 4th quarter. Moran Wealth Management LLC now owns 3,871 shares of the technology company's stock worth $679,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Wall Street Analyst Weigh In

JKHY has been the topic of several recent research reports. UBS Group lowered their target price 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. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a research report on Wednesday, April 2nd. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Keefe, Bruyette & Woods dropped their target price on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of "Hold" and an average target price of $184.10.

Jack Henry & Associates Trading Up 0.1%

NASDAQ:JKHY traded up $0.19 on Friday, reaching $180.27. The company's stock had a trading volume of 875,815 shares, compared to its average volume of 573,729. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The stock has a 50 day moving average price of $176.21 and a 200 day moving average price of $175.06. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03.

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, topping analysts' consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. The firm had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. During the same period last year, the company earned $1.19 EPS. The company's quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders 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 dividend yield of 1.29%. Jack Henry & Associates's dividend payout ratio is currently 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.