Everpar Advisors LLC Makes New $889,000 Investment 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, according to its most recent filing with the SEC. The firm purchased 5,442 shares of the technology company’s stock, valued at approximately $889,000.

A number of other large investors have also recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its stake in shares of Jack Henry & Associates by 3.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,572 shares of the technology company’s stock valued at $1,296,000 after buying an additional 249 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Jack Henry & Associates by 0.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 41,501 shares of the technology company’s stock valued at $6,273,000 after buying an additional 127 shares during the period. Brown Advisory Inc. grew its stake in shares of Jack Henry & Associates by 28.2% in the 3rd quarter. Brown Advisory Inc. now owns 42,207 shares of the technology company’s stock valued at $6,379,000 after buying an additional 9,273 shares during the period. IFM Investors Pty Ltd grew its stake in shares of Jack Henry & Associates by 11.7% in the 3rd quarter. IFM Investors Pty Ltd now owns 14,621 shares of the technology company’s stock valued at $2,210,000 after buying an additional 1,531 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in Jack Henry & Associates during the 3rd quarter valued at about $823,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on JKHY shares. Citigroup started coverage on Jack Henry & Associates in a research note on Thursday, January 18th. They set a “neutral” rating and a $177.00 price target for the company. Evercore ISI lifted their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday. Wolfe Research started coverage on Jack Henry & Associates in a research note on Thursday, March 7th. They set a “peer perform” rating for the company. Finally, DA Davidson reiterated a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus price target of $174.42.

Jack Henry & Associates Price Performance

Shares of JKHY traded down $0.06 during mid-day trading on Wednesday, reaching $165.59. 893,319 shares of the stock traded hands, compared to its average volume of 430,077. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37. The firm has a fifty day moving average price of $168.98 and a 200 day moving average price of $164.25. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth 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 Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.02. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The company had revenue of $538.56 million during the quarter, compared to analyst estimates of $541.80 million. During the same period in the previous year, the business earned $1.12 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts predict that Jack Henry & Associates, Inc. will post 5.12 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. Stockholders 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 dividend payout ratio (DPR) is 43.05%.

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.