Farringdon Capital Ltd. Takes Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Farringdon Capital Ltd. purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,151 shares of the technology company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Willis Investment Counsel lifted its holdings in shares of Jack Henry & Associates by 1.9% during the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company’s stock worth $640,000 after acquiring an additional 68 shares during the period. Torray Investment Partners LLC raised its position in Jack Henry & Associates by 0.7% during the fourth quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company’s stock valued at $1,831,000 after purchasing an additional 76 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Jack Henry & Associates by 3.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company’s stock worth $401,000 after purchasing an additional 79 shares during the last quarter. Signal Advisors Wealth LLC boosted its holdings in shares of Jack Henry & Associates by 4.0% in the 4th quarter. Signal Advisors Wealth LLC now owns 2,166 shares of the technology company’s stock valued at $380,000 after purchasing an additional 83 shares in the last quarter. Finally, Wedmont Private Capital increased its stake in shares of Jack Henry & Associates by 7.2% in the 4th quarter. Wedmont Private Capital now owns 1,239 shares of the technology company’s stock valued at $213,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $171.83 on Friday. The business has a 50-day moving average of $174.54 and a 200-day moving average of $176.11. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were given a $0.58 dividend. The ex-dividend date of this dividend was 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 1.35%. Jack Henry & Associates’s dividend payout ratio (DPR) is 41.88%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wells Fargo & Company started coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective on the stock. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Finally, The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price on the stock in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $186.45.

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.