Wealth Enhancement Advisory Services LLC Purchases 366 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Wealth Enhancement Advisory Services LLC grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,442 shares of the technology company’s stock after purchasing an additional 366 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Jack Henry & Associates were worth $1,314,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. ORG Partners LLC bought a new position in Jack Henry & Associates in the fourth quarter valued at approximately $35,000. Fortitude Family Office LLC lifted its stake in shares of Jack Henry & Associates by 647.4% in 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 period. Canandaigua National Trust Co of Florida bought a new position in shares of Jack Henry & Associates in the 4th quarter worth $297,000. Pensionfund Sabic bought a new position in shares of Jack Henry & Associates in the 4th quarter worth $1,315,000. Finally, Nordea Investment Management AB grew its stake in shares of Jack Henry & Associates by 50.8% during the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after purchasing an additional 263,021 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insiders Place Their Bets

In related news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the transaction, the insider now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.37% of the company’s stock.

Jack Henry & Associates Trading Down 0.2 %

JKHY opened at $171.97 on Thursday. The stock has a market capitalization of $12.55 billion, a P/E ratio of 31.50, a P/E/G ratio of 3.39 and a beta of 0.61. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The firm’s fifty day simple moving average is $174.88 and its 200 day simple moving average is $173.81.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. As a group, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 40.29%.

Analysts Set New Price Targets

Several equities analysts have weighed in on JKHY shares. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Royal Bank of Canada increased their price target on shares of 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. William Blair cut shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. UBS Group increased their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Oppenheimer initiated coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $185.91.

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.