Everence Capital Management Inc. Invests $291,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Everence Capital Management Inc. purchased a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,660 shares of the technology company’s stock, valued at approximately $291,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of JKHY. Strategic Financial Concepts LLC purchased a new position in shares of Jack Henry & Associates during the second quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in Jack Henry & Associates during the 3rd quarter valued at $26,000. Catalyst Capital Advisors LLC bought a new position in Jack Henry & Associates in the 3rd quarter worth $48,000. Point72 Asset Management L.P. purchased a new stake in shares of Jack Henry & Associates in the 3rd quarter worth about $54,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Jack Henry & Associates in the 3rd quarter worth about $68,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $171.34 on Wednesday. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The firm’s 50-day moving average is $176.34 and its 200 day moving average is $173.56. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 3.39 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 (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. The firm had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.55 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.20 annualized dividend and a yield of 1.28%. Jack Henry & Associates’s dividend payout ratio is 40.29%.

Insiders Place Their Bets

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JKHY. Stephens reissued an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Royal Bank of Canada raised 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. William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods increased their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Finally, Robert W. Baird boosted their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and an average target price of $189.00.

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.