Jefferies Financial Group Inc. Takes Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Jefferies Financial Group Inc. bought a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 11,589 shares of the technology company’s stock, valued at approximately $2,032,000.

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

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $178.34 on Wednesday. The stock has a market capitalization of $13.00 billion, a P/E ratio of 32.19, a PEG ratio of 3.36 and a beta of 0.75. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average price is $175.27 and its 200 day moving average price is $174.96.

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

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.30%. Jack Henry & Associates’s dividend payout ratio (DPR) is 39.52%.

Analyst Ratings Changes

JKHY has been the topic of a number of analyst reports. 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. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Northcoast Research cut Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods decreased their price target on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Jack Henry & Associates currently has a consensus rating of “Hold” and an average price target of $184.10.

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.