Ashton Thomas Private Wealth LLC Buys New Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Ashton Thomas Private Wealth 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 & Exchange Commission. The fund bought 1,373 shares of the technology company’s stock, valued at approximately $241,000.

A number of other institutional investors have also recently bought and sold shares of JKHY. State Street Corp grew its stake in Jack Henry & Associates by 1.7% during the third quarter. State Street Corp now owns 3,976,658 shares of the technology company’s stock worth $702,039,000 after buying an additional 67,716 shares during the period. JPMorgan Chase & Co. grew its stake in Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after buying an additional 131,515 shares during the period. Handelsbanken Fonder AB grew its stake in Jack Henry & Associates by 7.1% during the fourth quarter. Handelsbanken Fonder AB now owns 925,400 shares of the technology company’s stock worth $162,223,000 after buying an additional 61,600 shares during the period. Nordea Investment Management AB grew its stake in Jack Henry & Associates by 50.8% during the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after buying an additional 263,021 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Jack Henry & Associates during the fourth quarter worth approximately $132,817,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Down 7.1 %

NASDAQ JKHY opened at $176.69 on Wednesday. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 31.89, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. The company’s fifty day moving average price is $173.78 and its two-hundred day moving average price is $176.03.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data 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 net margin of 17.83% and a return on equity of 21.55%. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.31%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio is 41.88%.

Analysts Set New Price Targets

JKHY has been the subject of several research reports. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective for the company. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday. Finally, William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. 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. According to MarketBeat, Jack Henry & Associates has an average rating of “Hold” and a consensus price target of $186.80.

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.