1,248 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Purchased by OLD National Bancorp IN

OLD National Bancorp IN purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,248 shares of the technology company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nikulski Financial Inc. acquired a new stake in shares of Jack Henry & Associates during the 4th quarter valued at approximately $200,000. Handelsbanken Fonder AB increased its stake in shares of Jack Henry & Associates by 10.9% during the 4th quarter. Handelsbanken Fonder AB now owns 764,600 shares of the technology company’s stock worth $124,943,000 after purchasing an additional 75,200 shares in the last quarter. abrdn plc increased its stake in shares of Jack Henry & Associates by 73.5% during the 4th quarter. abrdn plc now owns 31,048 shares of the technology company’s stock worth $5,074,000 after purchasing an additional 13,150 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Jack Henry & Associates by 7.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,642 shares of the technology company’s stock worth $1,085,000 after purchasing an additional 432 shares in the last quarter. Finally, Goodman Advisory Group LLC increased its stake in shares of Jack Henry & Associates by 17.4% during the 4th quarter. Goodman Advisory Group LLC now owns 13,427 shares of the technology company’s stock worth $2,194,000 after purchasing an additional 1,993 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Wolfe Research assumed coverage on shares of Jack Henry & Associates in a research note on Thursday, March 7th. They set a “peer perform” rating for the company. Citigroup assumed coverage on shares of Jack Henry & Associates in a research note on Thursday, January 18th. They set a “neutral” rating and a $177.00 price objective for the company. Royal Bank of Canada raised their price objective on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, April 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $172.42.

Jack Henry & Associates Stock Down 0.6 %

Shares of NASDAQ JKHY opened at $164.88 on Friday. 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 $170.50 and a 200-day moving average of $163.14. The stock has a market capitalization of $12.01 billion, a PE ratio of 32.27, a P/E/G ratio of 3.87 and a beta of 0.66. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15.

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

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s dividend payout ratio is 43.05%.

Jack Henry & Associates 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.