OLD National Bancorp IN Makes New $204,000 Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

OLD National Bancorp IN purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,248 shares of the technology company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also made changes to their positions in JKHY. NBC Securities Inc. purchased a new position in shares of Jack Henry & Associates in the 3rd quarter valued at $30,000. Planned Solutions Inc. purchased a new position in shares of Jack Henry & Associates in the 4th quarter valued at $33,000. Anchor Investment Management LLC purchased a new position in shares of Jack Henry & Associates in the 4th quarter valued at $35,000. Federated Hermes Inc. purchased a new position in shares of Jack Henry & Associates in the 3rd quarter valued at $72,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Jack Henry & Associates by 25.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 656 shares of the technology company’s stock valued at $99,000 after acquiring an additional 133 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $164.88 on Friday. The stock has a market cap of $12.01 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 3.87 and a beta of 0.66. The business has a 50-day simple moving average of $170.50 and a 200-day simple moving average of $163.14. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15. 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 issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.12. The business had revenue of $545.70 million during the quarter, compared to analysts’ expectations of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. On average, equities analysts expect that Jack Henry & Associates, Inc. will post 5.11 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Thursday, March 7th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s payout ratio is 43.05%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on JKHY shares. Wolfe Research started coverage on Jack Henry & Associates in a research note on Thursday, March 7th. They set a “peer perform” rating on the stock. TheStreet upgraded Jack Henry & Associates from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Citigroup started coverage on Jack Henry & Associates in a research note on Thursday, January 18th. They set a “neutral” rating and a $177.00 target price on the stock. Royal Bank of Canada boosted their target price on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. Finally, William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.