Nicholson Wealth Management Group LLC Acquires 3,310 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Nicholson Wealth Management Group LLC raised its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 62.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,649 shares of the technology company’s stock after purchasing an additional 3,310 shares during the quarter. Nicholson Wealth Management Group LLC’s holdings in Jack Henry & Associates were worth $1,516,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in JKHY. Exchange Traded Concepts LLC bought a new stake in shares of Jack Henry & Associates during the third quarter worth $68,000. Blue Trust Inc. lifted its position in shares of Jack Henry & Associates by 159.4% during the third quarter. Blue Trust Inc. now owns 581 shares of the technology company’s stock worth $96,000 after purchasing an additional 357 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Jack Henry & Associates by 20.5% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 830 shares of the technology company’s stock worth $147,000 after purchasing an additional 141 shares during the last quarter. Signaturefd LLC lifted its position in shares of Jack Henry & Associates by 13.0% during the third quarter. Signaturefd LLC now owns 1,090 shares of the technology company’s stock worth $192,000 after purchasing an additional 125 shares during the last quarter. Finally, Tempus Wealth Planning LLC bought a new stake in shares of Jack Henry & Associates during the third quarter worth $252,000. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JKHY has been the subject of several recent research reports. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Stephens restated an “equal weight” rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Wells Fargo & Company initiated coverage on 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. Finally, Keefe, Bruyette & Woods lifted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $168.70 on Friday. The company has a market capitalization of $12.30 billion, a PE ratio of 30.45, a P/E/G ratio of 3.33 and a beta of 0.61. 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 company has a 50-day simple moving average of $173.58 and a two-hundred day simple moving average of $174.74. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results 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 expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.58 per share. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.38%. Jack Henry & Associates’s payout ratio is presently 39.71%.

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.