Proficio Capital Partners LLC Purchases Shares of 33,833 Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Proficio Capital Partners LLC acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 33,833 shares of the technology company’s stock, valued at approximately $5,931,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB raised its position in Jack Henry & Associates by 50.8% in the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after purchasing an additional 263,021 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Jack Henry & Associates by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after purchasing an additional 131,515 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of Jack Henry & Associates by 2,032.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock worth $22,540,000 after buying an additional 121,667 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Jack Henry & Associates by 49.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock worth $38,836,000 after buying an additional 72,760 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Jack Henry & Associates by 11.1% in the 4th quarter. Bank of New York Mellon Corp now owns 706,048 shares of the technology company’s stock valued at $123,770,000 after buying an additional 70,540 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JKHY has been the subject of several recent analyst reports. Wells Fargo & Company started coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective for the company. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. Finally, William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Trading Up 0.3 %

Shares of NASDAQ JKHY opened at $175.83 on Monday. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The company has a 50-day moving average of $173.83 and a two-hundred day moving average of $176.10. The company has a market cap of $12.82 billion, a PE ratio of 31.74, a P/E/G ratio of 3.36 and a beta of 0.65. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. As a group, equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be issued a $0.58 dividend. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.32%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 41.88%.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.