Proficio Capital Partners LLC Buys Shares of 33,833 Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Proficio Capital Partners LLC purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 33,833 shares of the technology company’s stock, valued at approximately $5,931,000.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on JKHY. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target on the stock. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Northcoast Research cut Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Finally, StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Stock Performance

JKHY opened at $175.83 on Monday. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The firm has a market capitalization of $12.82 billion, a P/E ratio of 31.74, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. The stock’s 50 day moving average price is $173.83 and its two-hundred day moving average price is $176.10. 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 (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 the consensus estimate 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, equities analysts forecast 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. Stockholders of record on Thursday, March 6th will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.32%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio is currently 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.