14,978 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Bought by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,978 shares of the technology company's stock, valued at approximately $2,448,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Planned Solutions Inc. purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at $33,000. NBC Securities Inc. purchased a new stake in shares of Jack Henry & Associates in the third quarter valued at $30,000. Anchor Investment Management LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at $35,000. KB Financial Partners LLC purchased a new stake in shares of Jack Henry & Associates in the first quarter valued at $52,000. Finally, State of Wyoming lifted its position in shares of Jack Henry & Associates by 6,800.0% in the fourth quarter. State of Wyoming now owns 345 shares of the technology company's stock valued at $61,000 after acquiring an additional 340 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Up 0.9 %

NASDAQ JKHY traded up $1.54 during mid-day trading on Monday, reaching $171.57. 450,390 shares of the company's stock traded hands, compared to its average volume of 447,828. Jack Henry & Associates, Inc. has a 1-year low of $136.57 and a 1-year high of $178.37. The company has a fifty day simple moving average of $171.52 and a 200-day simple moving average of $161.56. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15. The company has a market cap of $12.50 billion, a price-to-earnings ratio of 33.58, a P/E/G ratio of 3.99 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The firm had revenue of $545.70 million during the quarter, compared to analyst estimates of $540.34 million. During the same quarter last year, the firm earned $1.10 EPS. Jack Henry & Associates's quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.11 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.52. Jack Henry & Associates's dividend payout ratio (DPR) is currently 43.05%.

Analysts Set New Price Targets

JKHY has been the topic of several recent research reports. Robert W. Baird restated a "neutral" rating and issued a $176.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, January 30th. StockNews.com downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Thursday. Evercore ISI increased their target price on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 26th. Citigroup assumed coverage on Jack Henry & Associates in a research report on Thursday, January 18th. They set a "neutral" rating and a $177.00 target price on the stock. Finally, Wolfe Research assumed coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They set a "peer perform" rating on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $171.00.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.