Tidal Investments LLC Purchases 5,268 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Tidal Investments LLC boosted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 44.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,044 shares of the technology company's stock after buying an additional 5,268 shares during the quarter. Tidal Investments LLC's holdings in Jack Henry & Associates were worth $2,988,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Pension Service purchased a new stake in shares of Jack Henry & Associates during the 4th quarter valued at $27,000. Atala Financial Inc purchased a new stake in shares of Jack Henry & Associates during the 4th quarter valued at $40,000. Manchester Capital Management LLC increased its position in shares of Jack Henry & Associates by 11,750.0% during the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company's stock valued at $42,000 after purchasing an additional 235 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of Jack Henry & Associates during the 4th quarter valued at $54,000. Finally, Tortoise Investment Management LLC increased its position in shares of Jack Henry & Associates by 76.9% during the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock valued at $58,000 after purchasing an additional 143 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JKHY. Keefe, Bruyette & Woods decreased their target price on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research 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. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective for the company in a report on Wednesday, April 2nd. UBS Group decreased their price objective 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. Finally, Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given 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 an average target price of $184.10.

Jack Henry & Associates Price Performance

Shares of JKHY stock traded up $0.57 during trading on Tuesday, hitting $182.57. The company had a trading volume of 184,176 shares, compared to its average volume of 661,506. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock's 50-day moving average is $175.70 and its two-hundred day moving average is $174.93. The stock has a market capitalization of $13.29 billion, a price-to-earnings ratio of 32.95, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.23. The company had revenue of $585.09 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS. As a group, analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS 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 given a $0.58 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.27%. 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.