Goodman Advisory Group LLC Raises Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Goodman Advisory Group LLC boosted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 17.4% in the 4th quarter, Holdings Channel reports. The firm owned 13,427 shares of the technology company’s stock after buying an additional 1,993 shares during the quarter. Jack Henry & Associates accounts for approximately 0.7% of Goodman Advisory Group LLC’s portfolio, making the stock its 29th biggest position. Goodman Advisory Group LLC’s holdings in Jack Henry & Associates were worth $2,194,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in Jack Henry & Associates in the 3rd quarter valued at $30,000. Planned Solutions Inc. acquired a new stake in Jack Henry & Associates in the 4th quarter valued at $33,000. Anchor Investment Management LLC acquired a new stake in Jack Henry & Associates in the 4th quarter valued at $35,000. KB Financial Partners LLC acquired a new stake in Jack Henry & Associates in the 1st quarter valued at $52,000. Finally, State of Wyoming increased its holdings in Jack Henry & Associates by 6,800.0% in the 4th quarter. State of Wyoming now owns 345 shares of the technology company’s stock valued at $61,000 after purchasing an additional 340 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on JKHY shares. Evercore ISI increased their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Robert W. Baird reiterated a “neutral” rating and issued a $176.00 price target on shares of Jack Henry & Associates in a report on Tuesday, January 30th. Wolfe Research assumed coverage on Jack Henry & Associates in a research note on Thursday, March 7th. They set a “peer perform” rating for the company. Finally, Citigroup assumed coverage on Jack Henry & Associates in a research note on Thursday, January 18th. They set a “neutral” rating and a $177.00 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $171.58.

Jack Henry & Associates Stock Up 0.5 %

Shares of NASDAQ:JKHY traded up $0.82 during trading on Wednesday, reaching $164.57. 92,048 shares of the company traded hands, compared to its average volume of 432,173. The firm has a fifty day simple moving average of $171.84 and a 200 day simple moving average of $162.39. The firm has a market cap of $11.99 billion, a P/E ratio of 32.09, a price-to-earnings-growth ratio of 3.87 and a beta of 0.66. Jack Henry & Associates, Inc. has a 1-year low of $136.57 and a 1-year high of $178.37. 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 (NASDAQ:JKHY) last issued its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) 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 company had revenue of $545.70 million during the quarter, compared to analyst estimates of $540.34 million. During the same quarter last year, the business posted $1.10 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Thursday, March 7th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s payout ratio is presently 43.05%.

About Jack Henry & Associates

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.