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

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

Several other large investors have also modified their holdings of JKHY. Oppenheimer & Co. Inc. raised its position in shares of Jack Henry & Associates by 0.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 12,702 shares of the technology company’s stock worth $2,227,000 after purchasing an additional 119 shares during the period. National Pension Service purchased a new position in Jack Henry & Associates in the 4th quarter worth about $27,000. Illinois Municipal Retirement Fund raised its holdings in Jack Henry & Associates by 4.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 41,908 shares of the technology company’s stock worth $7,346,000 after buying an additional 1,930 shares during the period. Los Angeles Capital Management LLC lifted its stake in Jack Henry & Associates by 12.9% during the fourth quarter. Los Angeles Capital Management LLC now owns 13,419 shares of the technology company’s stock valued at $2,352,000 after buying an additional 1,538 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Jack Henry & Associates by 11.1% in the fourth quarter. Bank of New York Mellon Corp now owns 706,048 shares of the technology company’s stock worth $123,770,000 after buying an additional 70,540 shares during the period. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Stock Up 2.5 %

JKHY opened at $178.00 on Tuesday. The company has a market capitalization of $12.98 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 3.36 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The business has a 50-day moving average of $173.03 and a 200-day moving average of $175.27.

Jack Henry & Associates (NASDAQ:JKHY) last issued 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 net margin of 17.83% and a return on equity of 21.55%. Equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Thursday, March 6th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is presently 41.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JKHY shares. UBS Group boosted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Stephens reissued an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, Royal Bank of Canada increased their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and a consensus target price of $186.80.

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.