Marshall Financial Group LLC Buys 197 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Marshall Financial Group LLC increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,029 shares of the technology company’s stock after buying an additional 197 shares during the period. Marshall Financial Group LLC’s holdings in Jack Henry & Associates were worth $1,057,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JKHY. V Square Quantitative Management LLC boosted its position in shares of Jack Henry & Associates by 3.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock worth $277,000 after purchasing an additional 54 shares in the last quarter. Bridges Investment Management Inc. raised its position in shares of Jack Henry & Associates by 1.7% in the 3rd quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock valued at $575,000 after purchasing an additional 55 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Jack Henry & Associates by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock worth $877,000 after buying an additional 61 shares during the last quarter. UMB Bank n.a. raised its stake in Jack Henry & Associates by 0.6% in the 3rd quarter. UMB Bank n.a. now owns 10,870 shares of the technology company’s stock worth $1,919,000 after acquiring an additional 66 shares during the last quarter. Finally, Townsquare Capital LLC lifted its position in Jack Henry & Associates by 0.7% during the 3rd quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company’s stock worth $1,695,000 after acquiring an additional 67 shares during the period. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of research reports. William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Wells Fargo & Company began 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 on the stock. Royal Bank of Canada lifted their price objective on shares of 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. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Stephens restated an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $173.88 on Friday. The company has a current ratio of 1.11, a quick 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. The stock has a 50-day moving average of $174.49 and a 200 day moving average of $174.30. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 3.27 and a beta of 0.61.

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

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were paid a dividend of $0.55 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.27%. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of the business’s 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 sale, the insider now directly owns 138,665 shares in the company, valued at approximately $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 can be accessed through the SEC website. 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.