Outlook Wealth Advisors LLC Invests $264,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Outlook Wealth Advisors LLC purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,520 shares of the technology company’s stock, valued at approximately $264,000.

Several other institutional investors have also recently bought and sold shares of the stock. Planned Solutions Inc. acquired a new stake in Jack Henry & Associates in the fourth quarter worth about $33,000. NBC Securities Inc. acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter worth approximately $30,000. Anchor Investment Management LLC bought a new stake in shares of Jack Henry & Associates during the fourth quarter worth approximately $35,000. VisionPoint Advisory Group LLC bought a new position in Jack Henry & Associates in the fourth quarter valued at approximately $44,000. Finally, Riverview Trust Co acquired a new stake in Jack Henry & Associates during the 1st quarter worth $51,000. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. Citigroup assumed coverage on Jack Henry & Associates in a report on Thursday, January 18th. They set a “neutral” rating and a $177.00 target price on the stock. Robert W. Baird upped their price target on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Evercore ISI lifted their price objective on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. Finally, TheStreet raised shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates currently has an average rating of “Hold” and an average price target of $172.42.

Jack Henry & Associates Stock Down 0.6 %

NASDAQ:JKHY traded down $1.01 during trading hours on Friday, reaching $164.88. 378,670 shares of the stock were exchanged, compared to its average volume of 322,317. The stock has a market cap of $12.01 billion, a PE ratio of 32.27, a PEG ratio of 3.89 and a beta of 0.66. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $178.37. The firm has a 50 day moving average of $170.50 and a 200 day moving average of $163.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The business had revenue of $545.70 million during the quarter, compared to analysts’ expectations of $540.34 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. On average, equities analysts expect that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 annualized dividend and a yield of 1.33%. Jack Henry & Associates’s dividend payout ratio is 43.05%.

About Jack Henry & Associates

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.