Phillips Wealth Planners LLC Increases Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Phillips Wealth Planners LLC boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.6% in the 4th quarter, Holdings Channel reports. The fund owned 1,347 shares of the technology company’s stock after buying an additional 129 shares during the period. Phillips Wealth Planners LLC’s holdings in Jack Henry & Associates were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its stake 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 worth $25,000 after acquiring an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Jack Henry & Associates during the third quarter worth approximately $26,000. ORG Partners LLC purchased a new position in Jack Henry & Associates during the fourth quarter worth approximately $35,000. Catalyst Capital Advisors LLC purchased a new position in Jack Henry & Associates during the third quarter worth approximately $48,000. Finally, Point72 Asset Management L.P. purchased a new position in Jack Henry & Associates during the third quarter worth approximately $54,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the transaction, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on JKHY. Stephens reiterated an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Robert W. Baird lifted their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Price Performance

JKHY opened at $173.54 on Thursday. The stock’s 50-day moving average price is $174.47 and its 200 day moving average price is $174.16. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The firm has a market cap of $12.66 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 3.29 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. During the same quarter in the prior year, the company earned $1.39 EPS. Jack Henry & Associates’s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.81 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 annualized dividend and a yield of 1.27%. Jack Henry & Associates’s dividend payout ratio (DPR) is 40.29%.

Jack Henry & Associates 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.