Jefferies Financial Group Inc. Makes New $2.03 Million Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Pension Service bought a new stake in Jack Henry & Associates in the fourth quarter worth $27,000. Atala Financial Inc bought a new stake in Jack Henry & Associates in the fourth quarter worth $40,000. Manchester Capital Management LLC lifted its position in Jack Henry & Associates by 11,750.0% in the fourth quarter. Manchester Capital Management LLC now owns 237 shares of the technology company's stock worth $42,000 after buying an additional 235 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in Jack Henry & Associates in the fourth quarter worth $54,000. Finally, Tortoise Investment Management LLC lifted its position in Jack Henry & Associates by 76.9% in the fourth quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock worth $58,000 after buying an additional 143 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Up 0.1%

Shares of NASDAQ:JKHY traded up $0.19 on Friday, hitting $180.27. 875,815 shares of the company's stock were exchanged, compared to its average volume of 571,825. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The business's 50 day simple moving average is $176.32 and its two-hundred day simple moving average is $175.10. The stock has a market capitalization 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. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 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 the consensus estimate 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 in the previous year, the company posted $1.19 earnings per share. The firm's quarterly revenue was up 8.6% on a year-over-year basis. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be paid a $0.58 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.32 annualized dividend and a yield of 1.29%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 39.52%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report 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 for the company in a research report on Wednesday, April 2nd. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, UBS Group lowered their price target on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.