Nicholson Wealth Management Group LLC Takes $943,000 Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Nicholson Wealth Management Group LLC purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,339 shares of the technology company’s stock, valued at approximately $943,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JKHY. Assenagon Asset Management S.A. boosted its holdings in Jack Henry & Associates by 80.0% in the third quarter. Assenagon Asset Management S.A. now owns 207,757 shares of the technology company’s stock worth $36,677,000 after purchasing an additional 92,359 shares during the period. Taylor Frigon Capital Management LLC boosted its holdings in shares of Jack Henry & Associates by 2.6% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 7,826 shares of the technology company’s stock valued at $1,382,000 after buying an additional 197 shares during the period. International Assets Investment Management LLC grew its position in shares of Jack Henry & Associates by 17,507.4% during the 3rd quarter. International Assets Investment Management LLC now owns 66,732 shares of the technology company’s stock valued at $117,810,000 after buying an additional 66,353 shares during the last quarter. Private Advisor Group LLC raised its stake in Jack Henry & Associates by 5.6% during the third quarter. Private Advisor Group LLC now owns 4,912 shares of the technology company’s stock worth $867,000 after acquiring an additional 259 shares during the period. Finally, Tempus Wealth Planning LLC bought a new position in Jack Henry & Associates in the third quarter worth about $252,000. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Trading Up 0.1 %

Jack Henry & Associates stock opened at $184.59 on Friday. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $186.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $13.46 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 3.35 and a beta of 0.64. The firm has a 50 day simple moving average of $176.09 and a 200-day simple moving average of $169.47.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.08. The firm had revenue of $559.91 million during the quarter, compared to analyst estimates of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same period last year, the company posted $1.34 EPS. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.82 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.19%. Jack Henry & Associates’s dividend payout ratio (DPR) is 42.47%.

Wall Street Analyst Weigh In

Several research firms have recently commented on JKHY. Oppenheimer assumed coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price for the company. Compass Point assumed coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price on the stock. Robert W. Baird boosted their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $181.00 price objective on shares of Jack Henry & Associates in a report on Friday, September 6th. Finally, StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $187.11.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.