Marks Group Wealth Management Inc Buys 112 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Marks Group Wealth Management Inc increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,849 shares of the technology company’s stock after acquiring an additional 112 shares during the period. Marks Group Wealth Management Inc’s holdings in Jack Henry & Associates were worth $1,551,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of JKHY. Stephens Inc. AR raised its holdings in Jack Henry & Associates by 14.4% in the fourth quarter. Stephens Inc. AR now owns 18,432 shares of the technology company’s stock worth $3,231,000 after purchasing an additional 2,318 shares in the last quarter. WCM Investment Management LLC grew its position in shares of Jack Henry & Associates by 88.9% in the 4th quarter. WCM Investment Management LLC now owns 3,445 shares of the technology company’s stock worth $603,000 after buying an additional 1,621 shares during the period. Entropy Technologies LP grew its position in shares of Jack Henry & Associates by 508.0% in the 4th quarter. Entropy Technologies LP now owns 10,379 shares of the technology company’s stock worth $1,819,000 after buying an additional 8,672 shares during the period. Empowered Funds LLC increased its stake in shares of Jack Henry & Associates by 36.2% in the 4th quarter. Empowered Funds LLC now owns 6,600 shares of the technology company’s stock worth $1,157,000 after acquiring an additional 1,755 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Jack Henry & Associates by 1.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,634 shares of the technology company’s stock valued at $1,514,000 after acquiring an additional 136 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada raised their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods boosted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. UBS Group raised their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $170.19 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 3.11. The firm has a market cap of $12.42 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 3.46 and a beta of 0.61. The business has a 50-day simple moving average of $174.65 and a two-hundred day simple moving average of $174.92. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last released 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 net margin of 17.83% and a return on equity of 21.55%. On average, analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be paid a $0.58 dividend. This is an increase 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 1.36%. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is 39.71%.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the transaction, the insider now directly owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.37% of the stock is currently owned by corporate insiders.

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.