Laurus Investment Counsel Inc. Acquires 16,295 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Laurus Investment Counsel Inc. lifted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 23.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,189 shares of the technology company’s stock after acquiring an additional 16,295 shares during the quarter. Jack Henry & Associates makes up approximately 7.9% of Laurus Investment Counsel Inc.’s portfolio, making the stock its 4th largest position. Laurus Investment Counsel Inc.’s holdings in Jack Henry & Associates were worth $15,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fortitude Family Office LLC grew its stake in Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after acquiring an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Jack Henry & Associates during the 3rd quarter valued at about $26,000. ORG Partners LLC purchased a new position in shares of Jack Henry & Associates in the fourth quarter worth $35,000. Catalyst Capital Advisors LLC bought a new position in shares of Jack Henry & Associates during the third quarter valued at about $48,000. Finally, Point72 Asset Management L.P. purchased a new stake in Jack Henry & Associates in the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on JKHY. Royal Bank of Canada raised their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods increased their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, UBS Group boosted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates Trading Down 0.1 %

Jack Henry & Associates stock opened at $174.09 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $12.70 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 3.44 and a beta of 0.61. The stock has a 50-day moving average of $174.78 and a two-hundred day moving average of $174.59. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $600.98 million during the quarter, compared to analysts’ expectations of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. Jack Henry & Associates’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business earned $1.39 EPS. On average, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.81 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.26%. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Insider Buying and Selling at Jack Henry & Associates

In related news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the sale, the insider now directly owns 138,665 shares of the company’s stock, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.37% of the company’s stock.

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.