Willis Investment Counsel Buys 68 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Willis Investment Counsel grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,650 shares of the technology company’s stock after acquiring an additional 68 shares during the period. Willis Investment Counsel’s holdings in Jack Henry & Associates were worth $640,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of JKHY. JPMorgan Chase & Co. raised its stake in Jack Henry & Associates by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after buying an additional 131,515 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Jack Henry & Associates in the 3rd quarter worth approximately $618,000. Nordea Investment Management AB raised its stake in shares of Jack Henry & Associates by 50.8% during the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after acquiring an additional 263,021 shares in the last quarter. Pensionfund Sabic purchased a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $1,315,000. Finally, XTX Topco Ltd boosted its position in shares of Jack Henry & Associates by 137.3% in the 3rd quarter. XTX Topco Ltd now owns 7,761 shares of the technology company’s stock worth $1,370,000 after purchasing an additional 4,491 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $174.09 on Monday. The firm has a market cap of $12.70 billion, a PE ratio of 31.88, a P/E/G ratio of 3.47 and a beta of 0.61. The business has a 50-day moving average price of $174.78 and a 200 day moving average price of $174.65. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The business had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same period in the prior year, the company posted $1.39 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.81 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were given a $0.55 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 annualized dividend and a dividend yield of 1.26%. Jack Henry & Associates’s dividend payout ratio (DPR) is 40.29%.

Insider Buying and Selling

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 138,665 shares of the company’s stock, valued at $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Robert W. Baird increased their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada boosted their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target for the company. Keefe, Bruyette & Woods boosted their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Finally, William Blair cut shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and an average 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.