Tyche Wealth Partners LLC Purchases 2,455 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Tyche Wealth Partners LLC increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 159.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,992 shares of the technology company’s stock after acquiring an additional 2,455 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Jack Henry & Associates were worth $700,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC grew its holdings in shares of Jack Henry & Associates by 3.6% during the third 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. lifted its position in Jack Henry & Associates by 1.7% in the third 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. lifted its position in 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 valued at $877,000 after purchasing an additional 61 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Jack Henry & Associates by 0.6% during the third quarter. UMB Bank n.a. now owns 10,870 shares of the technology company’s stock valued at $1,919,000 after buying an additional 66 shares during the period. Finally, Townsquare Capital LLC increased its stake in shares of Jack Henry & Associates by 0.7% during the third quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company’s stock valued at $1,695,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Activity

In other news, insider David B. Foss sold 18,770 shares of the company’s 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 transaction, the insider now directly 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 document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Jack Henry & Associates Trading Down 0.7 %

NASDAQ JKHY opened at $172.78 on Thursday. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The stock has a market cap of $12.61 billion, a P/E ratio of 31.64, a P/E/G ratio of 3.47 and a beta of 0.61. The stock’s fifty day moving average price is $174.82 and its 200-day moving average price is $174.74. 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 (NASDAQ:JKHY) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. As a group, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.81 EPS for the current fiscal 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 issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates’s payout ratio is currently 40.29%.

Analysts Set New Price Targets

JKHY has been the topic of several research analyst reports. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Royal Bank of Canada boosted their target price on 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. William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target on the stock. Finally, Robert W. Baird upped their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.