Mitchell & Pahl Private Wealth LLC Grows Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mitchell & Pahl Private Wealth LLC increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,707 shares of the technology company’s stock after acquiring an additional 243 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Jack Henry & Associates were worth $825,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its position in Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after purchasing an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Jack Henry & Associates during the 3rd quarter valued at $26,000. ORG Partners LLC purchased a new stake in Jack Henry & Associates during the 4th quarter valued at $35,000. Catalyst Capital Advisors LLC bought a new stake in Jack Henry & Associates in the 3rd quarter worth $48,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Jack Henry & Associates during the third quarter valued at about $54,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on JKHY. Wells Fargo & Company began coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price on the stock. 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. Keefe, Bruyette & Woods raised their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Oppenheimer initiated coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective on the stock. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $186.80.

Insider Activity

In other news, insider David B. Foss sold 18,770 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the sale, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Jack Henry & Associates Trading Up 0.4 %

NASDAQ:JKHY opened at $173.16 on Tuesday. The firm has a market capitalization of $12.63 billion, a P/E ratio of 31.71, a PEG ratio of 3.26 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The company’s 50-day simple moving average is $174.52 and its 200 day simple moving average is $174.08.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. During the same period in the previous year, the firm posted $1.39 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, analysts forecast that Jack Henry & Associates, Inc. will post 5.81 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. Jack Henry & Associates’s payout ratio is presently 40.29%.

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.