Wealth Alliance Has $406,000 Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Wealth Alliance lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,488 shares of the technology company’s stock after selling 61 shares during the quarter. Wealth Alliance’s holdings in Jack Henry & Associates were worth $406,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in JKHY. Fairfield Bush & CO. acquired a new stake in shares of Jack Henry & Associates in the 1st quarter valued at $104,000. American Century Companies Inc. boosted its holdings in shares of Jack Henry & Associates by 36.3% in the 1st quarter. American Century Companies Inc. now owns 6,383 shares of the technology company’s stock valued at $1,258,000 after purchasing an additional 1,701 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in shares of Jack Henry & Associates during the 1st quarter valued at $208,000. D.A. Davidson & CO. acquired a new stake in shares of Jack Henry & Associates during the 1st quarter valued at $225,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Jack Henry & Associates by 4.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,744 shares of the technology company’s stock valued at $1,920,000 after acquiring an additional 451 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 0.6 %

NASDAQ JKHY opened at $164.67 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37. The business’s 50-day moving average is $171.75 and its 200 day moving average is $162.40. The stock has a market capitalization of $12.00 billion, a PE ratio of 32.23, a PEG ratio of 3.84 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results 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. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm had revenue of $545.70 million during the quarter, compared to analyst estimates of $540.34 million. During the same period last year, the business earned $1.10 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were issued a $0.55 dividend. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates’s payout ratio is presently 43.05%.

Wall Street Analyst Weigh In

JKHY has been the subject of several analyst reports. Evercore ISI raised their target price on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. Citigroup began coverage on Jack Henry & Associates in a research note on Thursday, January 18th. They set a “neutral” rating and a $177.00 price target for the company. Wolfe Research began coverage on Jack Henry & Associates in a research note on Thursday, March 7th. They set a “peer perform” rating for the company. TheStreet upgraded Jack Henry & Associates from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Finally, Robert W. Baird lifted their price target on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, 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.