W.H. Cornerstone Investments Inc. Acquires 162 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

W.H. Cornerstone Investments Inc. grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,521 shares of the technology company’s stock after purchasing an additional 162 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in Jack Henry & Associates were worth $248,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of JKHY. Planned Solutions Inc. purchased a new position in Jack Henry & Associates during the 4th quarter valued at about $33,000. NBC Securities Inc. purchased a new position in Jack Henry & Associates during the third quarter valued at approximately $30,000. Anchor Investment Management LLC bought a new stake in Jack Henry & Associates during the 4th quarter worth approximately $35,000. Federated Hermes Inc. purchased a new stake in Jack Henry & Associates in the 3rd quarter worth approximately $72,000. Finally, GAMMA Investing LLC bought a new position in Jack Henry & Associates in the 4th quarter valued at $79,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Up 1.0 %

Jack Henry & Associates stock traded up $1.67 during mid-day trading on Friday, hitting $164.18. The company’s stock had a trading volume of 359,286 shares, compared to its average volume of 342,624. The business has a 50 day moving average price of $169.52 and a 200-day moving average price of $163.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 3.84 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.14 by $0.12. The firm had revenue of $545.70 million for the quarter, compared to the consensus estimate of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 earnings per share. As a group, analysts forecast that Jack Henry & Associates, Inc. will post 5.12 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 annualized dividend and a yield of 1.34%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s payout ratio is presently 43.05%.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Robert W. Baird lifted their price target on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Wolfe Research assumed coverage on Jack Henry & Associates in a report on Thursday, March 7th. They set a “peer perform” rating for the company. Royal Bank of Canada lifted 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 report on Thursday, February 8th. Finally, Citigroup began coverage on shares of Jack Henry & Associates in a report on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average 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.