Atala Financial Inc Purchases New Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Atala Financial Inc acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 227 shares of the technology company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Entropy Technologies LP purchased a new stake in Jack Henry & Associates in the third quarter worth about $301,000. GSA Capital Partners LLP boosted its position in shares of Jack Henry & Associates by 95.4% during the third quarter. GSA Capital Partners LLP now owns 6,602 shares of the technology company’s stock valued at $1,166,000 after purchasing an additional 3,224 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Jack Henry & Associates by 5.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 172,675 shares of the technology company’s stock valued at $30,484,000 after purchasing an additional 9,537 shares in the last quarter. Victory Capital Management Inc. grew its stake in Jack Henry & Associates by 4.9% in the third quarter. Victory Capital Management Inc. now owns 70,850 shares of the technology company’s stock worth $12,508,000 after purchasing an additional 3,314 shares during the period. Finally, Huntington National Bank raised its holdings in Jack Henry & Associates by 20.9% in the third quarter. Huntington National Bank now owns 451 shares of the technology company’s stock worth $80,000 after purchasing an additional 78 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $175.83 on Friday. The company has a market cap of $12.82 billion, a price-to-earnings ratio of 31.74, a P/E/G ratio of 3.36 and a beta of 0.65. The business’s fifty day simple moving average is $173.83 and its two-hundred day simple moving average is $176.05. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

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

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.32%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates’s payout ratio is presently 41.88%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JKHY. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective on the stock. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and a consensus target price of $186.80.

About Jack Henry & Associates

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.