Diversify Wealth Management LLC Purchases 787 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Diversify Wealth Management LLC increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 25.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,838 shares of the technology company’s stock after purchasing an additional 787 shares during the quarter. Diversify Wealth Management LLC’s holdings in Jack Henry & Associates were worth $660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of JKHY. JGP Wealth Management LLC raised its holdings in shares of Jack Henry & Associates by 1.2% during the fourth quarter. JGP Wealth Management LLC now owns 54,716 shares of the technology company’s stock valued at $9,592,000 after acquiring an additional 664 shares in the last quarter. Gateway Investment Advisers LLC bought a new position in Jack Henry & Associates in the 4th quarter worth $749,000. West Coast Financial LLC lifted its position in shares of Jack Henry & Associates by 1.7% in the 4th quarter. West Coast Financial LLC now owns 47,734 shares of the technology company’s stock worth $8,368,000 after purchasing an additional 788 shares during the period. Outlook Wealth Advisors LLC boosted its stake in shares of Jack Henry & Associates by 15.7% during the 4th quarter. Outlook Wealth Advisors LLC now owns 2,282 shares of the technology company’s stock valued at $400,000 after purchasing an additional 310 shares in the last quarter. Finally, Burney Co. increased its position in shares of Jack Henry & Associates by 2.0% during the fourth quarter. Burney Co. now owns 5,391 shares of the technology company’s stock valued at $945,000 after buying an additional 106 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on JKHY shares. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective on the stock. Royal Bank of Canada upped their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. William Blair downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird lifted their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Trading Up 0.9 %

Shares of NASDAQ JKHY opened at $174.75 on Wednesday. The company has a market cap of $12.75 billion, a PE ratio of 32.01, a P/E/G ratio of 3.26 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The firm’s 50 day moving average price is $174.52 and its 200-day moving average price is $174.08. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating the consensus estimate 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 business had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. During the same period last year, the business posted $1.39 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.81 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Insider Activity

In other news, insider David B. Foss sold 18,770 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now directly owns 138,665 shares of the company’s stock, valued at $23,756,087.80. This represents a 11.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.37% of the company’s stock.

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.