Wealth Enhancement Advisory Services LLC Has $1.31 Million Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Wealth Enhancement Advisory Services LLC increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.2% in the 4th quarter, HoldingsChannel reports. The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in JKHY. Fortitude Family Office LLC lifted 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 acquiring an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at about $26,000. ORG Partners LLC bought a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $35,000. Catalyst Capital Advisors LLC acquired a new stake in Jack Henry & Associates in the 3rd quarter valued at about $48,000. Finally, Point72 Asset Management L.P. bought a new position in Jack Henry & Associates during the third quarter worth about $54,000. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Trading Down 0.2 %

Shares of JKHY stock opened at $171.97 on Thursday. The stock has a 50 day simple moving average of $174.88 and a 200 day simple moving average of $173.81. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The stock has a market cap of $12.55 billion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61.

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

Jack Henry & Associates Dividend Announcement

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

Insider Activity

In related news, insider David B. Foss sold 18,770 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the sale, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on JKHY shares. Royal Bank of Canada upped their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Stephens restated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. UBS Group lifted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday. They issued an “underweight” rating and a $155.00 price objective on the stock. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Jack Henry & Associates 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.