Nicholson Wealth Management Group LLC Grows Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Nicholson Wealth Management Group LLC grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 62.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,649 shares of the technology company’s stock after purchasing an additional 3,310 shares during the quarter. Nicholson Wealth Management Group LLC’s holdings in Jack Henry & Associates were worth $1,516,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after purchasing an additional 131,515 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at about $618,000. Nordea Investment Management AB increased its position in shares of Jack Henry & Associates by 50.8% during the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after purchasing an additional 263,021 shares during the last quarter. Pensionfund Sabic purchased a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $1,315,000. Finally, XTX Topco Ltd increased its position in shares of Jack Henry & Associates by 137.3% during the 3rd quarter. XTX Topco Ltd now owns 7,761 shares of the technology company’s stock valued at $1,370,000 after purchasing an additional 4,491 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 0.8 %

Shares of JKHY opened at $168.70 on Friday. 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, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The company has a 50 day simple moving average of $173.58 and a two-hundred day simple moving average of $174.74. The firm has a market cap of $12.30 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 3.33 and a beta of 0.61.

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

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be issued a $0.58 dividend. The ex-dividend date of this dividend 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 dividend on an annualized basis and a dividend yield of 1.38%. Jack Henry & Associates’s dividend payout ratio (DPR) is 39.71%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on JKHY shares. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday. Keefe, Bruyette & Woods raised their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. UBS Group raised their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada raised their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $186.80.

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.