Jack Henry & Associates, Inc. (NASDAQ:JKHY) Holdings Raised by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,285 shares of the technology company’s stock after acquiring an additional 79 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Jack Henry & Associates were worth $401,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its position in Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Jack Henry & Associates in the 3rd quarter worth approximately $26,000. National Pension Service purchased a new stake in Jack Henry & Associates in the 4th quarter worth approximately $27,000. ORG Partners LLC purchased a new stake in Jack Henry & Associates in the 4th quarter worth approximately $35,000. Finally, Manchester Capital Management LLC lifted its position in Jack Henry & Associates by 11,750.0% in the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock worth $42,000 after buying an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $175.83 on Friday. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00. The firm’s fifty day simple moving average is $173.83 and its 200 day simple moving average is $176.05. 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 firm has a market capitalization of $12.82 billion, a PE ratio of 31.74, a PEG ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.32%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 41.88%.

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Northcoast Research downgraded shares of 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. Finally, Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates 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.