Silver Lake Advisory LLC Acquires 3,910 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Silver Lake Advisory LLC increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 15.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,789 shares of the technology company’s stock after buying an additional 3,910 shares during the quarter. Jack Henry & Associates accounts for about 2.7% of Silver Lake Advisory LLC’s portfolio, making the stock its 13th biggest holding. Silver Lake Advisory LLC’s holdings in Jack Henry & Associates were worth $4,868,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JKHY. Schwartz Investment Counsel Inc. raised its holdings in shares of Jack Henry & Associates by 14.5% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 266,350 shares of the technology company’s stock valued at $43,524,000 after purchasing an additional 33,700 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Jack Henry & Associates by 16.1% in the 3rd quarter. Nordea Investment Management AB now owns 545,605 shares of the technology company’s stock valued at $82,779,000 after acquiring an additional 75,735 shares in the last quarter. Inspire Investing LLC boosted its position in Jack Henry & Associates by 5.1% during the third quarter. Inspire Investing LLC now owns 4,446 shares of the technology company’s stock valued at $672,000 after purchasing an additional 217 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Jack Henry & Associates by 202.0% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,106 shares of the technology company’s stock worth $1,527,000 after purchasing an additional 6,760 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Jack Henry & Associates by 16.9% during the 3rd quarter. LPL Financial LLC now owns 41,146 shares of the technology company’s stock worth $6,210,000 after purchasing an additional 5,960 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wolfe Research began coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They set a “peer perform” rating on the stock. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. DA Davidson reaffirmed a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a report on Tuesday. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada increased their price objective on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock 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 issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $174.42.

Jack Henry & Associates Trading Up 0.5 %

Shares of NASDAQ JKHY traded up $0.79 during trading on Thursday, reaching $163.31. The company had a trading volume of 86,368 shares, compared to its average volume of 421,696. The stock has a market cap of $11.90 billion, a P/E ratio of 31.80, a PEG ratio of 3.81 and a beta of 0.66. The company’s fifty day moving average price is $169.98 and its 200-day moving average price is $163.62. 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, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The business had revenue of $545.70 million during the quarter, compared to the consensus estimate of $540.34 million. During the same quarter in the prior year, the firm posted $1.10 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, research analysts expect that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current 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 given a dividend of $0.55 per share. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 annualized dividend and a dividend yield of 1.35%. Jack Henry & Associates’s dividend payout ratio is presently 43.05%.

Jack Henry & Associates Company 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.