Signaturefd LLC Acquires 451 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Signaturefd LLC raised its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 41.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,541 shares of the technology company’s stock after purchasing an additional 451 shares during the quarter. Signaturefd LLC’s holdings in Jack Henry & Associates were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in JKHY. Fortitude Family Office LLC increased its holdings in shares of Jack Henry & Associates by 647.4% during the 4th 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 acquired a new position in shares of Jack Henry & Associates in the third quarter valued at $26,000. National Pension Service bought a new position in shares of Jack Henry & Associates in the fourth quarter valued at about $27,000. ORG Partners LLC acquired a new stake in shares of Jack Henry & Associates during the 4th quarter worth about $35,000. Finally, Atala Financial Inc bought a new stake in shares of Jack Henry & Associates during the 4th quarter worth about $40,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Down 1.3 %

JKHY opened at $173.05 on Friday. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 3.36 and a beta of 0.65. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00. The company has a 50-day simple moving average of $174.22 and a 200 day simple moving average of $176.16.

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

Jack Henry & Associates Increases Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is 41.88%.

Analyst Ratings Changes

Several brokerages have issued reports on JKHY. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective on the stock. Finally, Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. One equities 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 data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and an average price target 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.