CIBC Private Wealth Group LLC Increases Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

CIBC Private Wealth Group LLC raised its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,941,924 shares of the technology company’s stock after buying an additional 664 shares during the quarter. CIBC Private Wealth Group LLC owned about 2.66% of Jack Henry & Associates worth $336,827,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of JKHY. D.A. Davidson & CO. increased its stake in Jack Henry & Associates by 1.2% during the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock worth $877,000 after purchasing an additional 61 shares during the period. Townsquare Capital LLC increased its stake 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 buying an additional 67 shares during the period. Willis Investment Counsel lifted its holdings in Jack Henry & Associates by 1.9% during the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company’s stock worth $640,000 after buying an additional 68 shares in the last quarter. Torray Investment Partners LLC boosted its position in Jack Henry & Associates by 0.7% in the 4th quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company’s stock valued at $1,831,000 after buying an additional 76 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Jack Henry & Associates by 3.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company’s stock valued at $401,000 after buying an additional 79 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

JKHY stock opened at $178.59 on Friday. The business has a 50 day moving average price of $174.65 and a 200 day moving average price of $176.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Equities research 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 company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were given a $0.58 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.30%. Jack Henry & Associates’s dividend payout ratio is 41.88%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Wells Fargo & Company started coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target on the stock. Finally, Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and an average price target of $186.80.

About Jack Henry & Associates

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.