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

Phillips Wealth Planners LLC increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,347 shares of the technology company’s stock after acquiring an additional 129 shares during the period. Phillips Wealth Planners LLC’s holdings in Jack Henry & Associates were worth $232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JKHY. Mitchell & Pahl Private Wealth LLC grew its stake in shares of Jack Henry & Associates by 5.4% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 4,707 shares of the technology company’s stock valued at $825,000 after buying an additional 243 shares during the last quarter. Ballentine Partners LLC bought a new position in Jack Henry & Associates in the 4th quarter valued at $201,000. Guinness Asset Management LTD grew its position in Jack Henry & Associates by 13.4% in the 4th quarter. Guinness Asset Management LTD now owns 3,149 shares of the technology company’s stock valued at $552,000 after acquiring an additional 373 shares during the last quarter. Diversify Wealth Management LLC grew its position in Jack Henry & Associates by 25.8% in the 4th quarter. Diversify Wealth Management LLC now owns 3,838 shares of the technology company’s stock valued at $660,000 after acquiring an additional 787 shares during the last quarter. Finally, JGP Wealth Management LLC grew its position in shares of Jack Henry & Associates by 1.2% during the 4th quarter. JGP Wealth Management LLC now owns 54,716 shares of the technology company’s stock worth $9,592,000 after buying an additional 664 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Buying and Selling at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction dated 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 directly owns 138,665 shares in the company, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

JKHY has been the topic of a number of recent research reports. Oppenheimer initiated coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target on the stock. Royal Bank of Canada increased their price target 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. Keefe, Bruyette & Woods increased their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Stephens reissued an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Finally, StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates Trading Down 0.7 %

Jack Henry & Associates stock opened at $173.54 on Thursday. The stock has a 50-day moving average of $174.47 and a two-hundred day moving average of $174.16. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The stock has a market cap of $12.66 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 3.29 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company had revenue of $600.98 million during the quarter, compared to analysts’ expectations of $599.56 million. During the same period last year, the business posted $1.39 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.81 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

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.