Cerity Partners LLC Purchases 1,655 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Cerity Partners LLC boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 26.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,891 shares of the technology company’s stock after purchasing an additional 1,655 shares during the quarter. Cerity Partners LLC’s holdings in Jack Henry & Associates were worth $1,386,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its position in shares of Jack Henry & Associates by 14.4% during the 4th quarter. Russell Investments Group Ltd. now owns 56,023 shares of the technology company’s stock worth $9,821,000 after purchasing an additional 7,066 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of Jack Henry & Associates during the 4th quarter valued at $4,989,000. Motley Fool Asset Management LLC grew its holdings in shares of Jack Henry & Associates by 12.1% during the 4th quarter. Motley Fool Asset Management LLC now owns 1,630 shares of the technology company’s stock worth $286,000 after purchasing an additional 176 shares in the last quarter. World Investment Advisors bought a new position in shares of Jack Henry & Associates in the fourth quarter worth $249,000. Finally, Kesler Norman & Wride LLC lifted its position in Jack Henry & Associates by 3.3% during the fourth quarter. Kesler Norman & Wride LLC now owns 32,612 shares of the technology company’s stock worth $5,717,000 after purchasing an additional 1,038 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $171.83 on Friday. The stock’s 50 day moving average price is $174.53 and its two-hundred day moving average price is $176.18. The stock has a market capitalization of $12.53 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 3.36 and a beta of 0.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results 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 net margin of 17.83% and a return on equity of 21.55%. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were issued a $0.58 dividend. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 41.88%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. The Goldman Sachs Group raised shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price objective for the company in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $186.45.

Jack Henry & Associates Company 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.