Commonwealth Equity Services LLC Has $1.61 Million Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Commonwealth Equity Services LLC grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,202 shares of the technology company’s stock after acquiring an additional 173 shares during the period. Commonwealth Equity Services LLC’s holdings in Jack Henry & Associates were worth $1,613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Fortitude Family Office LLC raised its position in Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after purchasing an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at $26,000. National Pension Service bought a new stake in shares of Jack Henry & Associates during the fourth quarter worth $27,000. ORG Partners LLC bought a new stake in shares of Jack Henry & Associates during the fourth quarter worth $35,000. Finally, Manchester Capital Management LLC lifted its stake in shares of Jack Henry & Associates by 11,750.0% during the fourth quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock valued at $42,000 after acquiring an additional 235 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Down 0.4 %

Shares of NASDAQ:JKHY opened at $178.59 on Friday. The company has a 50 day moving average price of $174.65 and a two-hundred day moving average price of $176.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $13.02 billion, a PE ratio of 32.24, a PEG ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results 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 net margin of 17.83% and a return on equity of 21.55%. Analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were given a dividend of $0.58 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.30%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 41.88%.

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of research reports. Northcoast Research lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target for the company. Finally, William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus price target of $186.80.

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.