Enterprise Financial Services Corp Purchases Shares of 5,135 Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Enterprise Financial Services Corp acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,135 shares of the technology company’s stock, valued at approximately $900,000.

Several other large investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after buying an additional 131,515 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Jack Henry & Associates in the 3rd quarter valued at $618,000. Nordea Investment Management AB raised its position in shares of Jack Henry & Associates by 50.8% in the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after acquiring an additional 263,021 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its stake in shares of Jack Henry & Associates by 21.4% during the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company’s stock worth $21,348,000 after purchasing an additional 21,466 shares during the last quarter. Finally, Pensionfund Sabic bought a new stake in Jack Henry & Associates during the fourth quarter valued at about $1,315,000. 98.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on JKHY shares. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Trading Up 4.2 %

Shares of NASDAQ:JKHY opened at $191.28 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $193.02. The stock has a market cap of $13.94 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 3.36 and a beta of 0.65. The business has a 50-day moving average price of $173.45 and a 200-day moving average price of $175.69.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results 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 return on equity of 21.55% and a net margin of 17.83%. Equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.21%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates’s payout ratio 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.