Dynamic Advisor Solutions LLC Acquires 367 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Dynamic Advisor Solutions LLC lifted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,644 shares of the technology company’s stock after purchasing an additional 367 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Jack Henry & Associates were worth $814,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in JKHY. Fortitude Family Office LLC lifted its stake in Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at about $26,000. ORG Partners LLC acquired a new stake in shares of Jack Henry & Associates in the 4th quarter valued at approximately $35,000. Catalyst Capital Advisors LLC bought a new position in Jack Henry & Associates during the 3rd quarter worth approximately $48,000. Finally, Point72 Asset Management L.P. acquired a new position in Jack Henry & Associates during the third quarter valued at approximately $54,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on JKHY. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods raised their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. UBS Group boosted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Finally, William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $186.80.

Insider Activity

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.37% of the stock is currently owned by insiders.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $173.88 on Monday. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 3.27 and a beta of 0.61. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The firm has a fifty day simple moving average of $174.49 and a 200 day simple moving average of $174.39. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $600.98 million during 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 company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 EPS. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.81 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

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.