Empire Life Investments Inc. Purchases 86 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Empire Life Investments Inc. raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,477 shares of the technology company’s stock after acquiring an additional 86 shares during the quarter. Empire Life Investments Inc.’s holdings in Jack Henry & Associates were worth $1,837,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its holdings 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 acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Jack Henry & Associates in the third quarter worth about $26,000. ORG Partners LLC purchased a new stake in Jack Henry & Associates in the fourth quarter worth about $35,000. Catalyst Capital Advisors LLC purchased a new stake in Jack Henry & Associates in the third quarter worth about $48,000. Finally, Point72 Asset Management L.P. purchased a new stake in Jack Henry & Associates in the third quarter worth about $54,000. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on JKHY shares. Wells Fargo & Company started coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target for the company. UBS Group upped their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Royal Bank of Canada increased their target price 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, Stephens reissued an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $166.47 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.11 and a quick ratio of 1.11. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The stock’s 50 day simple moving average is $174.54 and its two-hundred day simple moving average is $174.86. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 3.46 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. As a group, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be paid a $0.58 dividend. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.39%. Jack Henry & Associates’s payout ratio is presently 39.71%.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the transaction, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.37% of the company’s stock.

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.