Everpar Advisors LLC Takes Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Everpar Advisors LLC purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 5,442 shares of the technology company’s stock, valued at approximately $889,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Jack Henry & Associates by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 592,849 shares of the technology company’s stock worth $96,877,000 after acquiring an additional 16,281 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in shares of Jack Henry & Associates by 348.8% during the 4th quarter. Apollon Wealth Management LLC now owns 6,328 shares of the technology company’s stock worth $1,034,000 after acquiring an additional 4,918 shares during the last quarter. Lincoln National Corp lifted its stake in shares of Jack Henry & Associates by 14.7% during the 4th quarter. Lincoln National Corp now owns 1,713 shares of the technology company’s stock worth $280,000 after acquiring an additional 219 shares during the last quarter. Machina Capital S.A.S. bought a new stake in shares of Jack Henry & Associates during the 4th quarter worth approximately $415,000. Finally, Private Advisor Group LLC lifted its stake in shares of Jack Henry & Associates by 32.2% during the 4th quarter. Private Advisor Group LLC now owns 3,068 shares of the technology company’s stock worth $501,000 after acquiring an additional 748 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Stock Down 0.0 %

Shares of NASDAQ:JKHY traded down $0.06 on Wednesday, reaching $165.59. The company had a trading volume of 893,319 shares, compared to its average volume of 430,077. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The firm’s 50 day simple moving average is $168.98 and its 200-day simple moving average is $164.25. The firm has a market capitalization of $12.07 billion, a PE ratio of 32.41, 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 quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The business had revenue of $538.56 million for the quarter, compared to the consensus estimate of $541.80 million. During the same period last year, the business posted $1.12 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts expect that Jack Henry & Associates, Inc. will post 5.12 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.33%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, March 7th. Jack Henry & Associates’s payout ratio is 43.05%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JKHY. Citigroup began coverage on Jack Henry & Associates in a research report on Thursday, January 18th. They set a “neutral” rating and a $177.00 target price for the company. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday. Wolfe Research began coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They set a “peer perform” rating for the company. Evercore ISI lifted their target price on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th. Finally, Royal Bank of Canada lifted their target price on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and a consensus price target of $174.42.

About Jack Henry & Associates

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.