CTC Alternative Strategies Ltd. bought a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,800 shares of the technology company's stock, valued at approximately $784,000. Jack Henry & Associates accounts for 1.6% of CTC Alternative Strategies Ltd.'s portfolio, making the stock its 12th biggest position.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairfield Bush & CO. purchased a new position in shares of Jack Henry & Associates in the 1st quarter valued at about $104,000. American Century Companies Inc. boosted its stake in shares of Jack Henry & Associates by 36.3% in the 1st quarter. American Century Companies Inc. now owns 6,383 shares of the technology company's stock valued at $1,258,000 after buying an additional 1,701 shares during the period. Cetera Advisor Networks LLC purchased a new position in shares of Jack Henry & Associates in the 1st quarter valued at about $208,000. D.A. Davidson & CO. purchased a new position in shares of Jack Henry & Associates in the 1st quarter valued at about $225,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Jack Henry & Associates by 4.9% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,744 shares of the technology company's stock valued at $1,920,000 after buying an additional 451 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on JKHY. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. StockNews.com raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Friday. Citigroup began 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. Wolfe Research began coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They set a "peer perform" rating on the stock. Finally, TheStreet raised Jack Henry & Associates from a "c+" rating to a "b-" rating in a research report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $171.58.
Read Our Latest Stock Report on JKHY
Jack Henry & Associates Price Performance
Shares of Jack Henry & Associates stock traded down $2.53 during trading on Monday, reaching $165.04. The company's stock had a trading volume of 287,193 shares, compared to its average volume of 439,785. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $178.37. The company has a market capitalization of $12.03 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 3.93 and a beta of 0.66. The business has a 50 day moving average price of $171.81 and a 200-day moving average price of $162.20.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.12. The company had revenue of $545.70 million during the quarter, compared to analysts' expectations of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 earnings per share. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.11 EPS for the current year.
Jack Henry & Associates Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were paid a $0.55 dividend. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.52. This represents a $2.20 annualized dividend and a yield of 1.33%. The ex-dividend date was Thursday, March 7th. Jack Henry & Associates's dividend payout ratio is presently 43.05%.
Jack Henry & Associates Profile
(
Free Report)
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.
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