Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,173 shares of the technology company’s stock after purchasing an additional 507 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Jack Henry & Associates were worth $4,440,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in JKHY. Planned Solutions Inc. acquired a new position in Jack Henry & Associates in the 4th quarter valued at about $33,000. NBC Securities Inc. acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter worth $30,000. Anchor Investment Management LLC acquired a new stake in shares of Jack Henry & Associates during the 4th quarter worth $35,000. Federated Hermes Inc. acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter worth $72,000. Finally, GAMMA Investing LLC acquired a new stake in Jack Henry & Associates in the 4th quarter valued at $79,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup initiated coverage on Jack Henry & Associates in a report on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price target for the company. Wolfe Research started coverage on shares of Jack Henry & Associates in a research note on Thursday, March 7th. They issued a “peer perform” rating on the stock. DA Davidson restated a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research report on Tuesday. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. Finally, William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $174.42.

Jack Henry & Associates Stock Up 1.0 %

Shares of NASDAQ:JKHY traded up $1.67 during trading on Friday, reaching $164.18. 359,286 shares of the company traded hands, compared to its average volume of 342,624. The firm has a fifty day simple moving average of $169.52 and a 200 day simple moving average of $163.72. The firm has a market cap of $11.96 billion, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 3.80 and a beta of 0.66. Jack Henry & Associates, Inc. has a 1-year low of $136.57 and a 1-year high of $178.37. 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 (NASDAQ:JKHY) last issued its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. The company had revenue of $545.70 million during the quarter, compared to analyst estimates of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.12 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s dividend payout ratio (DPR) 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.