Tyche Wealth Partners LLC Acquires New Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Tyche Wealth Partners LLC acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,534 shares of the technology company’s stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairfield Bush & CO. purchased a new stake in shares of Jack Henry & Associates during the 1st quarter worth $104,000. American Century Companies Inc. boosted its position in shares of Jack Henry & Associates by 36.3% during the 1st quarter. American Century Companies Inc. now owns 6,383 shares of the technology company’s stock worth $1,258,000 after purchasing an additional 1,701 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in shares of Jack Henry & Associates during the 1st quarter worth $208,000. D.A. Davidson & CO. purchased a new stake in shares of Jack Henry & Associates during the 1st quarter worth $225,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Jack Henry & Associates by 4.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,744 shares of the technology company’s stock worth $1,920,000 after purchasing an additional 451 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on JKHY. Robert W. Baird boosted their target price on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. Evercore ISI boosted their price objective on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. Citigroup began coverage on shares of Jack Henry & Associates in a research report on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price objective on the stock. Finally, Royal Bank of Canada boosted their price objective on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $172.42.

Jack Henry & Associates Trading Up 0.6 %

Shares of JKHY stock opened at $164.67 on Thursday. The firm has a 50-day moving average price of $171.75 and a 200 day moving average price of $162.40. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $178.37. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 3.84 and a beta of 0.66. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm had revenue of $545.70 million during the quarter, compared to the consensus estimate of $540.34 million. During the same quarter in the previous year, the company posted $1.10 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were issued a dividend of $0.55 per share. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio is presently 43.05%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.