Orion Portfolio Solutions LLC Increases Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Orion Portfolio Solutions LLC boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,901 shares of the technology company’s stock after purchasing an additional 269 shares during the period. Orion Portfolio Solutions LLC’s holdings in Jack Henry & Associates were worth $509,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Fortitude Family Office LLC grew its holdings in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after buying an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Jack Henry & Associates during the 3rd quarter valued at about $26,000. National Pension Service acquired a new position in shares of Jack Henry & Associates in the fourth quarter valued at about $27,000. ORG Partners LLC purchased a new position in shares of Jack Henry & Associates in the fourth quarter worth about $35,000. Finally, Atala Financial Inc acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on JKHY shares. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price target on the stock in a report on Wednesday, April 2nd. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, Wells Fargo & Company initiated 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $186.45.

Jack Henry & Associates Trading Down 1.9 %

Shares of JKHY stock opened at $169.36 on Tuesday. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 3.36 and a beta of 0.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a 50 day simple moving average of $175.26 and a 200-day simple moving average of $176.50.

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 analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were paid a $0.58 dividend. The ex-dividend date was Thursday, March 6th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a yield of 1.37%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 41.88%.

Jack Henry & Associates Profile

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.