Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stake Lifted by Parallel Advisors LLC

Parallel Advisors LLC increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 33.6% in the 4th quarter, HoldingsChannel reports. The fund owned 4,255 shares of the technology company’s stock after acquiring an additional 1,070 shares during the period. Parallel Advisors LLC’s holdings in Jack Henry & Associates were worth $746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC boosted its holdings in shares of Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after acquiring an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Jack Henry & Associates in the third quarter valued at approximately $26,000. National Pension Service bought a new position in shares of Jack Henry & Associates in the fourth quarter valued at approximately $27,000. ORG Partners LLC bought a new position in shares of Jack Henry & Associates in the fourth quarter valued at approximately $35,000. Finally, Atala Financial Inc bought a new position in shares of Jack Henry & Associates in the fourth quarter valued at approximately $40,000. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Trading Down 1.1 %

Jack Henry & Associates stock opened at $175.30 on Friday. The company has a 50 day moving average price of $174.20 and a 200 day moving average price of $176.16. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a $0.58 dividend. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.32%. Jack Henry & Associates’s dividend payout ratio is presently 41.88%.

Wall Street Analysts Forecast Growth

JKHY has been the subject of several recent analyst reports. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective for the company. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Company 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.