Strategic Financial Concepts LLC Invests $2.64 Million in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Strategic Financial Concepts LLC bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,076 shares of the technology company’s stock, valued at approximately $2,643,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC increased its holdings 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 valued at $25,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at about $26,000. ORG Partners LLC acquired a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $35,000. Catalyst Capital Advisors LLC bought a new stake in Jack Henry & Associates in the third quarter valued at about $48,000. Finally, Point72 Asset Management L.P. acquired a new position in Jack Henry & Associates in the third quarter worth about $54,000. 98.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price objective 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. William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Royal Bank of Canada upped 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 report on Thursday, November 7th. UBS Group boosted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Stock Performance

JKHY stock opened at $173.81 on Monday. The company has a 50 day moving average price of $174.77 and a 200 day moving average price of $174.83. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.11 and a quick ratio of 1.11. The stock has a market capitalization of $12.68 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 3.46 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is 39.71%.

Insider Activity at Jack Henry & Associates

In related news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction 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 sale, the insider now directly owns 138,665 shares of the company’s stock, valued at $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is currently owned by company insiders.

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.