SRS Capital Advisors Inc. Purchases 106 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

SRS Capital Advisors Inc. lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.7% during the fourth quarter, HoldingsChannel reports. The firm owned 1,475 shares of the technology company’s stock after buying an additional 106 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Jack Henry & Associates were worth $259,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Asahi Life Asset Management CO. LTD. bought a new stake in Jack Henry & Associates in the 4th quarter valued at $333,000. Bridges Investment Management Inc. lifted its position in Jack Henry & Associates by 13.0% in the 4th quarter. Bridges Investment Management Inc. now owns 3,679 shares of the technology company’s stock valued at $645,000 after acquiring an additional 423 shares in the last quarter. Metis Global Partners LLC lifted its position in Jack Henry & Associates by 3.9% in the 4th quarter. Metis Global Partners LLC now owns 2,425 shares of the technology company’s stock valued at $425,000 after acquiring an additional 91 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its position in Jack Henry & Associates by 21.4% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company’s stock valued at $21,348,000 after acquiring an additional 21,466 shares in the last quarter. Finally, Flputnam Investment Management Co. lifted its position in Jack Henry & Associates by 4.9% in the 4th quarter. Flputnam Investment Management Co. now owns 22,521 shares of the technology company’s stock valued at $3,948,000 after acquiring an additional 1,062 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

JKHY has been the topic of several research reports. UBS Group boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Stephens reaffirmed an “equal weight” rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Royal Bank of Canada boosted their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Finally, William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Stock Down 0.6 %

Jack Henry & Associates stock opened at $177.02 on Wednesday. The firm has a market capitalization of $12.90 billion, a PE ratio of 31.95, a P/E/G ratio of 3.36 and a beta of 0.61. The company’s 50-day moving average is $173.03 and its 200-day moving average is $175.35. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, March 6th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 1.31%. Jack Henry & Associates’s payout ratio is currently 41.88%.

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.