Wealth Alliance Reduces Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Wealth Alliance lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,488 shares of the technology company’s stock after selling 61 shares during the period. Wealth Alliance’s holdings in Jack Henry & Associates were worth $406,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of JKHY. Fairfield Bush & CO. acquired a new position in Jack Henry & Associates in the 1st quarter valued at about $104,000. American Century Companies Inc. boosted its holdings in Jack Henry & Associates by 36.3% in the 1st quarter. American Century Companies Inc. now owns 6,383 shares of the technology company’s stock valued at $1,258,000 after purchasing an additional 1,701 shares during the last quarter. Cetera Advisor Networks LLC acquired a new position in Jack Henry & Associates in the 1st quarter valued at about $208,000. D.A. Davidson & CO. acquired a new position in Jack Henry & Associates in the 1st quarter valued at about $225,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Jack Henry & Associates by 4.9% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,744 shares of the technology company’s stock valued at $1,920,000 after purchasing an additional 451 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 0.6 %

Shares of NASDAQ:JKHY opened at $164.67 on Thursday. 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’s 50 day moving average is $171.75 and its two-hundred day moving average is $162.40. The company has a market cap of $12.00 billion, a PE ratio of 32.23, a P/E/G ratio of 3.84 and a beta of 0.66. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. The firm had revenue of $545.70 million for 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 company’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $1.10 EPS. Equities analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were issued a dividend of $0.55 per share. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is 43.05%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on JKHY shares. Evercore ISI boosted their target price 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. Citigroup started coverage on shares of Jack Henry & Associates in a report on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday. Wolfe Research started coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They issued a “peer perform” rating on the stock. Finally, Royal Bank of Canada upped their price objective on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $172.42.

Jack Henry & Associates Company 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.