PDT Partners LLC Acquires 496 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

PDT Partners LLC boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,258 shares of the technology company’s stock after purchasing an additional 496 shares during the quarter. PDT Partners LLC’s holdings in Jack Henry & Associates were worth $1,798,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

JKHY has been the topic of a number of research analyst reports. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Wells Fargo & Company began coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective on the stock. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. Finally, The Goldman Sachs Group raised Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price target for the company in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus price target of $186.45.

Jack Henry & Associates Trading Up 2.0 %

Shares of Jack Henry & Associates stock opened at $173.51 on Wednesday. The firm’s 50-day moving average price is $175.03 and its two-hundred day moving average price is $175.60. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 3.36 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY) last announced 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%. On average, analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were issued a dividend of $0.58 per share. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.34%. Jack Henry & Associates’s dividend payout ratio (DPR) is 41.88%.

Jack Henry & Associates Company 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.