SG Americas Securities LLC Grows Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

SG Americas Securities LLC increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 561.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,005 shares of the technology company’s stock after acquiring an additional 10,189 shares during the quarter. SG Americas Securities LLC’s holdings in Jack Henry & Associates were worth $1,962,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of JKHY. NBC Securities Inc. bought a new stake in shares of Jack Henry & Associates in the third quarter worth about $30,000. Anchor Investment Management LLC bought a new stake in Jack Henry & Associates in the 4th quarter worth approximately $35,000. KB Financial Partners LLC purchased a new stake in shares of Jack Henry & Associates during the 1st quarter worth approximately $52,000. State of Wyoming boosted its position in shares of Jack Henry & Associates by 6,800.0% during the 4th quarter. State of Wyoming now owns 345 shares of the technology company’s stock valued at $61,000 after acquiring an additional 340 shares during the last quarter. Finally, Fairfield Bush & CO. purchased a new position in shares of Jack Henry & Associates in the second quarter valued at $69,000. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup assumed coverage on shares of Jack Henry & Associates in a research report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price objective for the company. Wolfe Research initiated coverage on shares of Jack Henry & Associates in a research note on Thursday, March 7th. They set a “peer perform” rating for the company. TheStreet raised shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. Finally, Evercore ISI boosted their price objective on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued 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 $171.00.

Jack Henry & Associates Trading Up 3.5 %

NASDAQ JKHY opened at $172.26 on Thursday. The firm has a market cap of $12.55 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 3.89 and a beta of 0.66. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $178.37. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average price of $170.99 and a 200 day moving average price of $160.45.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The business had revenue of $545.70 million for the quarter, compared to the consensus estimate of $540.34 million. During the same period in the prior year, the firm posted $1.10 earnings per share. The business’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.11 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were paid a dividend of $0.55 per share. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 dividend on an annualized basis and a yield of 1.28%. Jack Henry & Associates’s dividend payout ratio is presently 43.05%.

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.