Phillips Wealth Planners LLC Increases Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Phillips Wealth Planners LLC raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 14.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,538 shares of the technology company’s stock after purchasing an additional 191 shares during the period. Phillips Wealth Planners LLC’s holdings in Jack Henry & Associates were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC increased its position in shares of Jack Henry & Associates by 169.0% in the 1st quarter. SG Americas Securities LLC now owns 3,349 shares of the technology company’s stock valued at $612,000 after purchasing an additional 2,104 shares during the last quarter. Enterprise Financial Services Corp purchased a new stake in shares of Jack Henry & Associates in the 4th quarter valued at approximately $900,000. Cobblestone Capital Advisors LLC NY increased its position in shares of Jack Henry & Associates by 21.4% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company’s stock valued at $21,348,000 after purchasing an additional 21,466 shares during the last quarter. Andra AP fonden increased its position in shares of Jack Henry & Associates by 10.7% in the 4th quarter. Andra AP fonden now owns 29,900 shares of the technology company’s stock valued at $5,241,000 after purchasing an additional 2,900 shares during the last quarter. Finally, AGF Management Ltd. acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at $305,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JKHY has been the subject of several research analyst reports. UBS Group lowered their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Wall Street Zen upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. 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 for the company in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating for the company in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $185.11.

Jack Henry & Associates Stock Down 1.6%

Shares of NASDAQ:JKHY opened at $178.06 on Thursday. The stock has a market cap of $12.97 billion, a P/E ratio of 30.33, a P/E/G ratio of 3.07 and a beta of 0.73. The firm has a fifty day moving average price of $178.32 and a 200 day moving average price of $175.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36. Jack Henry & Associates, Inc. has a 1-year low of $158.62 and a 1-year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.23. The firm had revenue of $585.09 million during the quarter, compared to analysts’ expectations of $585.84 million. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. Jack Henry & Associates’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.19 EPS. Sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a dividend of $0.58 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.30%. Jack Henry & Associates’s 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.