Nikulski Financial Inc. Takes Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Nikulski Financial Inc. purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,225 shares of the technology company’s stock, valued at approximately $200,000.

A number of other hedge funds also recently modified their holdings of the stock. Apollon Wealth Management LLC boosted its position in Jack Henry & Associates by 5.1% during the fourth quarter. Apollon Wealth Management LLC now owns 1,432 shares of the technology company’s stock worth $251,000 after purchasing an additional 69 shares during the period. Horizon Investments LLC boosted its holdings in Jack Henry & Associates by 5.9% in the 2nd quarter. Horizon Investments LLC now owns 1,260 shares of the technology company’s stock worth $211,000 after buying an additional 70 shares during the period. Guinness Asset Management LTD grew its stake in Jack Henry & Associates by 2.9% in the 3rd quarter. Guinness Asset Management LTD now owns 2,644 shares of the technology company’s stock valued at $400,000 after buying an additional 74 shares in the last quarter. Curated Wealth Partners LLC raised its holdings in Jack Henry & Associates by 5.5% during the 3rd quarter. Curated Wealth Partners LLC now owns 1,438 shares of the technology company’s stock valued at $217,000 after acquiring an additional 75 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its position in shares of Jack Henry & Associates by 0.8% during the third quarter. Johnson Investment Counsel Inc. now owns 9,654 shares of the technology company’s stock worth $1,459,000 after acquiring an additional 81 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on JKHY. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. Robert W. Baird lifted their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Evercore ISI upped their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Wolfe Research initiated coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and an average price target of $172.42.

Get Our Latest Research Report on Jack Henry & Associates

Jack Henry & Associates Stock Up 0.5 %

Shares of NASDAQ:JKHY opened at $165.60 on Monday. The firm has a market capitalization of $12.07 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 3.88 and a beta of 0.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The firm has a fifty day moving average of $171.36 and a 200 day moving average of $162.74.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last posted its quarterly earnings data 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. The firm had revenue of $545.70 million during the quarter, compared to analysts’ expectations of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 EPS. As a group, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.11 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were given a dividend of $0.55 per share. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 43.05%.

Jack Henry & Associates Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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