Vestmark Advisory Solutions Inc. Has $5.55 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Vestmark Advisory Solutions Inc. lifted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,676 shares of the technology company’s stock after purchasing an additional 454 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Jack Henry & Associates were worth $5,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Jack Henry & Associates during the 4th quarter worth about $132,817,000. Arizona State Retirement System raised its position in Jack Henry & Associates by 1.3% in the 4th quarter. Arizona State Retirement System now owns 21,161 shares of the technology company’s stock valued at $3,710,000 after purchasing an additional 275 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Jack Henry & Associates in the 4th quarter valued at about $5,931,000. Torray Investment Partners LLC lifted its holdings in Jack Henry & Associates by 0.7% during the 4th quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company’s stock worth $1,831,000 after buying an additional 76 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Jack Henry & Associates by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 619,649 shares of the technology company’s stock valued at $108,624,000 after purchasing an additional 8,907 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JKHY. Royal Bank of Canada boosted their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. 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 target price on the stock. Stephens reiterated an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. UBS Group boosted their price target 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. Finally, William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Stock Up 0.3 %

NASDAQ:JKHY opened at $177.63 on Thursday. The stock has a market capitalization of $12.95 billion, a P/E ratio of 32.06, a P/E/G ratio of 3.36 and a beta of 0.61. 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 quick ratio of 1.17 and a current ratio of 1.17. The company’s 50-day simple moving average is $173.04 and its 200-day simple moving average is $175.37.

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

Jack Henry & Associates Increases Dividend

The firm 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 dividend of $0.58 per share. The ex-dividend date is Thursday, March 6th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a yield of 1.31%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 41.88%.

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.