Kestra Private Wealth Services LLC Grows Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Kestra Private Wealth Services LLC boosted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,783 shares of the technology company’s stock after buying an additional 80 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Jack Henry & Associates were worth $455,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Amica Mutual Insurance Co. bought a new stake in shares of Jack Henry & Associates in the fourth quarter worth $3,266,000. Van ECK Associates Corp increased its position in shares of Jack Henry & Associates by 3.6% during the 4th quarter. Van ECK Associates Corp now owns 11,323 shares of the technology company’s stock valued at $1,850,000 after purchasing an additional 392 shares during the last quarter. Legacy Capital Wealth Partners LLC boosted its holdings in shares of Jack Henry & Associates by 5.5% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 4,441 shares of the technology company’s stock worth $726,000 after buying an additional 232 shares during the last quarter. Golden State Equity Partners boosted its holdings in shares of Jack Henry & Associates by 46.1% in the fourth quarter. Golden State Equity Partners now owns 2,985 shares of the technology company’s stock worth $488,000 after buying an additional 942 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its position in Jack Henry & Associates by 1.6% during the fourth quarter. Bahl & Gaynor Inc. now owns 31,848 shares of the technology company’s stock valued at $5,204,000 after buying an additional 497 shares during the period. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on JKHY shares. 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. Royal Bank of Canada boosted their price target on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. Evercore ISI raised their price objective on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, April 20th. Finally, Citigroup assumed coverage on shares of Jack Henry & Associates in a research note on Thursday, January 18th. They set a “neutral” rating and a $177.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus target price of $174.42.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $164.96 on Tuesday. The firm has a market cap of $12.02 billion, a PE ratio of 32.28, a PEG ratio of 3.84 and a beta of 0.66. The stock has a 50 day moving average of $169.33 and a 200 day moving average of $164.08. 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, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $545.70 million for the quarter, compared to analysts’ expectations of $540.34 million. During the same quarter in the previous year, the business posted $1.10 earnings per share. Jack Henry & Associates’s quarterly revenue was up 8.0% on a year-over-year basis. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.12 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s dividend payout ratio (DPR) is 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.