Calamos Advisors LLC Has $7.89 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Calamos Advisors LLC trimmed its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.9% during the fourth quarter, Holdings Channel reports. The firm owned 48,274 shares of the technology company’s stock after selling 958 shares during the quarter. Calamos Advisors LLC’s holdings in Jack Henry & Associates were worth $7,888,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. NBC Securities Inc. bought a new stake in Jack Henry & Associates in the third quarter valued at $30,000. Planned Solutions Inc. acquired a new position in Jack Henry & Associates during the 4th quarter worth approximately $33,000. Anchor Investment Management LLC bought a new position in Jack Henry & Associates in the fourth quarter worth approximately $35,000. KB Financial Partners LLC bought a new position in Jack Henry & Associates in the first quarter worth approximately $52,000. Finally, State of Wyoming grew its stake in Jack Henry & Associates by 6,800.0% in the fourth quarter. State of Wyoming now owns 345 shares of the technology company’s stock valued at $61,000 after acquiring an additional 340 shares during the period. Institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

JKHY has been the topic of a number of recent research reports. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, February 7th. Evercore ISI lifted their price objective on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Robert W. Baird upped their target price on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Citigroup initiated coverage on Jack Henry & Associates in a research note on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and an average price target of $172.42.

Jack Henry & Associates Trading Up 0.5 %

Shares of Jack Henry & Associates stock opened at $165.60 on Friday. The firm has a market cap of $12.07 billion, a PE ratio of 32.41, a P/E/G ratio of 3.88 and a beta of 0.66. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a fifty day moving average price of $171.36 and a 200-day moving average price of $162.64.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. The business had revenue of $545.70 million during the quarter, compared to the consensus estimate of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 earnings per share. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.11 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Thursday, March 7th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s payout ratio is 43.05%.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.