Yousif Capital Management LLC Increases Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Yousif Capital Management LLC lifted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,327 shares of the technology company’s stock after buying an additional 552 shares during the quarter. Yousif Capital Management LLC’s holdings in Jack Henry & Associates were worth $2,616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JKHY. National Pension Service purchased a new stake in Jack Henry & Associates in the 4th quarter worth $27,000. Atala Financial Inc bought a new stake in shares of Jack Henry & Associates in the fourth quarter worth about $40,000. Manchester Capital Management LLC lifted its position in shares of Jack Henry & Associates by 11,750.0% in the fourth quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock worth $42,000 after buying an additional 235 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in Jack Henry & Associates during the fourth quarter valued at approximately $54,000. Finally, Tortoise Investment Management LLC boosted its stake in Jack Henry & Associates by 76.9% during the fourth quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company’s stock valued at $58,000 after buying an additional 143 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of research reports. Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. UBS Group dropped their price objective on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price on the stock in a research report on Wednesday, April 2nd. Wall Street Zen upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Finally, Keefe, Bruyette & Woods decreased their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $184.10.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $179.10 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average is $176.83 and its two-hundred day moving average is $175.62. Jack Henry & Associates, Inc. has a 52 week low of $158.62 and a 52 week high of $196.00. The company has a market capitalization of $13.04 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 3.36 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The company had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. During the same quarter last year, the business posted $1.19 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be issued a $0.58 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.30%. Jack Henry & Associates’s dividend payout ratio is currently 39.52%.

Jack Henry & Associates 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.