Visualize Group LP Purchases Shares of 54,700 Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Visualize Group LP bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 54,700 shares of the technology company's stock, valued at approximately $9,589,000. Jack Henry & Associates comprises about 6.1% of Visualize Group LP's portfolio, making the stock its 7th largest holding. Visualize Group LP owned 0.08% of Jack Henry & Associates at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Willis Investment Counsel increased its holdings in Jack Henry & Associates by 1.9% during the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock valued at $640,000 after acquiring an additional 68 shares in the last quarter. Torray Investment Partners LLC lifted its stake in shares of Jack Henry & Associates by 0.7% during the fourth quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock valued at $1,831,000 after buying an additional 76 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Jack Henry & Associates by 3.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock valued at $401,000 after acquiring an additional 79 shares during the last quarter. Signal Advisors Wealth LLC boosted its holdings in shares of Jack Henry & Associates by 4.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 2,166 shares of the technology company's stock worth $380,000 after purchasing an additional 83 shares during the last quarter. Finally, Wedmont Private Capital grew its position in shares of Jack Henry & Associates by 7.2% in the fourth quarter. Wedmont Private Capital now owns 1,239 shares of the technology company's stock valued at $213,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

JKHY traded down $0.15 on Tuesday, reaching $172.12. The company had a trading volume of 910,461 shares, compared to its average volume of 550,055. The company has a market capitalization of $12.55 billion, a P/E ratio of 31.07, a PEG ratio of 3.36 and a beta of 0.75. 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 fifty day moving average of $175.12 and a 200-day moving average of $175.20. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.16. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. As a group, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio is 41.88%.

Analyst Ratings Changes

Several analysts have commented on JKHY shares. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. 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. Finally, Wells Fargo & Company started coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $185.30.

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.