ORG Partners LLC Purchases Shares of 200 Jack Henry & Associates, Inc. (NASDAQ:JKHY)

ORG Partners LLC purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 200 shares of the technology company’s stock, valued at approximately $35,000.

Other hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its stake in Jack Henry & Associates by 647.4% in the fourth 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 position in shares of Jack Henry & Associates during the third quarter worth approximately $26,000. Catalyst Capital Advisors LLC purchased a new position in shares of Jack Henry & Associates during the third quarter worth approximately $48,000. Point72 Asset Management L.P. purchased a new position in shares of Jack Henry & Associates during the third quarter worth approximately $54,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Jack Henry & Associates during the third quarter worth approximately $68,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 138,665 shares in the company, valued at $23,756,087.80. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.37% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $172.00 on Monday. The firm has a market capitalization of $12.55 billion, a P/E ratio of 31.50, a PEG ratio of 3.39 and a beta of 0.61. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The company’s fifty day moving average is $175.53 and its two-hundred day moving average is $173.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping the consensus estimate 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 net margin of 17.79% and a return on equity of 21.81%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 EPS. Analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were given a $0.55 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 annualized dividend and a dividend yield of 1.28%. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on JKHY shares. Robert W. Baird raised their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Stephens reaffirmed an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. UBS Group increased their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada increased their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $189.00.

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.