Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,766 shares of the technology company’s stock after acquiring an additional 293 shares during the period. Cerity Partners LLC’s holdings in Jack Henry & Associates were worth $779,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in JKHY. National Bank of Canada FI raised its holdings in Jack Henry & Associates by 15.1% in the third quarter. National Bank of Canada FI now owns 20,045 shares of the technology company’s stock valued at $3,004,000 after acquiring an additional 2,636 shares in the last quarter. CWM LLC increased its stake in Jack Henry & Associates by 7.8% during the third quarter. CWM LLC now owns 1,945 shares of the technology company’s stock valued at $294,000 after purchasing an additional 141 shares during the last quarter. DnB Asset Management AS increased its stake in Jack Henry & Associates by 12.3% during the third quarter. DnB Asset Management AS now owns 13,796 shares of the technology company’s stock valued at $2,085,000 after purchasing an additional 1,510 shares during the last quarter. Boston Trust Walden Corp increased its stake in Jack Henry & Associates by 0.6% during the third quarter. Boston Trust Walden Corp now owns 195,487 shares of the technology company’s stock valued at $29,546,000 after purchasing an additional 1,242 shares during the last quarter. Finally, Oak Thistle LLC bought a new stake in Jack Henry & Associates during the third quarter valued at $815,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $164.84 on Tuesday. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $178.37. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $12.01 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 3.88 and a beta of 0.66. The firm has a 50-day moving average of $171.14 and a two-hundred day moving average of $162.86.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The company had revenue of $545.70 million during the quarter, compared to the consensus estimate of $540.34 million. During the same period in the prior year, the company earned $1.10 EPS. Jack Henry & Associates’s revenue was up 8.0% on a year-over-year basis. As a group, analysts expect that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Citigroup assumed coverage on shares of Jack Henry & Associates in a research note on Thursday, January 18th. They set a “neutral” rating and a $177.00 target price for the company. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. TheStreet upgraded shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Finally, Robert W. Baird upped their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. One equities 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 stock. According to MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and a consensus target price of $172.42.

Jack Henry & Associates Profile

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.