Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Goodman Advisory Group LLC

Goodman Advisory Group LLC increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,936 shares of the technology company's stock after purchasing an additional 2,158 shares during the period. Goodman Advisory Group LLC's holdings in Jack Henry & Associates were worth $2,969,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after purchasing an additional 131,515 shares during the period. Enterprise Financial Services Corp acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $900,000. Cobblestone Capital Advisors LLC NY grew its holdings in shares of Jack Henry & Associates by 21.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company's stock valued at $21,348,000 after purchasing an additional 21,466 shares in the last quarter. Andra AP fonden lifted its holdings in Jack Henry & Associates by 10.7% during the 4th quarter. Andra AP fonden now owns 29,900 shares of the technology company's stock worth $5,241,000 after buying an additional 2,900 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Jack Henry & Associates by 50.8% during the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after acquiring an additional 263,021 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY traded up $0.64 on Wednesday, hitting $173.32. The company had a trading volume of 220,300 shares, compared to its average volume of 537,932. 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 $12.63 billion, a PE ratio of 31.29, a PEG ratio of 3.36 and a beta of 0.71. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00. The business has a 50 day moving average of $174.56 and a 200 day moving average of $175.94.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. As a group, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.58 per share. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 6th. Jack Henry & Associates's payout ratio is currently 41.88%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on JKHY shares. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective for the company in a research note on Wednesday, April 2nd. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Finally, Wells Fargo & Company began coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price objective for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $186.45.

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.