Apollon Wealth Management LLC Buys 4,918 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Apollon Wealth Management LLC increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 348.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,328 shares of the technology company’s stock after purchasing an additional 4,918 shares during the quarter. Apollon Wealth Management LLC’s holdings in Jack Henry & Associates were worth $1,034,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of JKHY. Assenagon Asset Management S.A. raised its position in shares of Jack Henry & Associates by 1,587.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 347,018 shares of the technology company’s stock worth $56,706,000 after buying an additional 326,448 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Jack Henry & Associates by 21.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,043,098 shares of the technology company’s stock valued at $157,654,000 after acquiring an additional 181,811 shares in the last quarter. Invesco Ltd. boosted its position in shares of Jack Henry & Associates by 15.3% during the 3rd quarter. Invesco Ltd. now owns 1,106,851 shares of the technology company’s stock valued at $167,289,000 after acquiring an additional 147,143 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Jack Henry & Associates by 66.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 356,819 shares of the technology company’s stock worth $58,308,000 after purchasing an additional 142,878 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its position in shares of Jack Henry & Associates by 4,881.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 127,730 shares of the technology company’s stock worth $19,305,000 after purchasing an additional 125,166 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 2.1 %

Shares of NASDAQ JKHY opened at $169.04 on Friday. The firm’s 50 day moving average price is $168.89 and its 200-day moving average price is $164.28. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $12.32 billion, a PE ratio of 33.08, a P/E/G ratio of 3.84 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.02. The business had revenue of $538.56 million for the quarter, compared to analysts’ expectations of $541.80 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 EPS. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.12 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Tuesday, May 28th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.30%. Jack Henry & Associates’s dividend payout ratio is currently 43.05%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. DA Davidson reissued a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. Citigroup began coverage on shares of Jack Henry & Associates in a report on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price objective for the company. Robert W. Baird increased their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. Finally, Evercore ISI boosted their target price on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Jack Henry & Associates presently has an average rating of “Hold” and a consensus price target of $174.42.

Jack Henry & Associates Profile

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.