Empowered Funds LLC Buys 1,755 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Empowered Funds LLC increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 36.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,600 shares of the technology company’s stock after acquiring an additional 1,755 shares during the quarter. Empowered Funds LLC’s holdings in Jack Henry & Associates were worth $1,157,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JKHY. Fortitude Family Office LLC boosted its holdings in shares of Jack Henry & Associates by 647.4% during the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after purchasing an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Jack Henry & Associates in the third quarter worth about $26,000. ORG Partners LLC bought a new position in Jack Henry & Associates during the fourth quarter valued at approximately $35,000. Catalyst Capital Advisors LLC purchased a new position in Jack Henry & Associates during the 3rd quarter valued at approximately $48,000. Finally, Point72 Asset Management L.P. bought a new stake in Jack Henry & Associates in the 3rd quarter worth approximately $54,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Down 2.3 %

Shares of NASDAQ JKHY opened at $166.47 on Monday. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. 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 company has a market cap of $12.15 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 3.46 and a beta of 0.61. The business’s 50 day moving average price is $174.41 and its 200-day moving average price is $174.87.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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%. On average, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.39%. This is a boost 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 39.71%.

Analysts Set New Price Targets

JKHY has been the subject of a number of research reports. William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Stephens reiterated an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods increased their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price objective on 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 investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $186.80.

Insiders Place Their Bets

In other 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 transaction of $3,215,676.40. Following the transaction, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.37% of the company’s stock.

About Jack Henry & Associates

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.