Bahl & Gaynor Inc. Boosts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Bahl & Gaynor Inc. lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.6% during the fourth quarter, Holdings Channel reports. The fund owned 31,848 shares of the technology company’s stock after purchasing an additional 497 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Jack Henry & Associates were worth $5,204,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of JKHY. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Jack Henry & Associates by 3.8% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 405,675 shares of the technology company’s stock worth $66,291,000 after purchasing an additional 14,743 shares during the last quarter. Watershed Asset Management L.L.C. bought a new stake in shares of Jack Henry & Associates in the fourth quarter worth $282,000. GAMMA Investing LLC acquired a new stake in Jack Henry & Associates in the fourth quarter valued at $79,000. Linden Thomas Advisory Services LLC raised its holdings in Jack Henry & Associates by 3.7% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 8,644 shares of the technology company’s stock valued at $1,413,000 after acquiring an additional 311 shares in the last quarter. Finally, Marks Group Wealth Management Inc grew its holdings in Jack Henry & Associates by 3.3% during the 4th quarter. Marks Group Wealth Management Inc now owns 19,455 shares of the technology company’s stock worth $3,179,000 after acquiring an additional 616 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on JKHY shares. TheStreet upgraded shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Evercore ISI increased their target price on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Wolfe Research began coverage on Jack Henry & Associates in a report on Thursday, March 7th. They issued a “peer perform” rating for the company. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada boosted their target price on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $172.42.

Jack Henry & Associates Stock Performance

NASDAQ JKHY traded down $1.01 on Friday, hitting $164.88. The stock had a trading volume of 378,670 shares, compared to its average volume of 425,496. The company’s 50-day moving average is $170.50 and its two-hundred day moving average is $163.14. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 32.27, a P/E/G ratio of 3.87 and a beta of 0.66. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. The business had revenue of $545.70 million during the quarter, compared to analyst estimates of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. On average, analysts expect that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed 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 is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates’s payout ratio is currently 43.05%.

Jack Henry & Associates 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.