Abacus FCF Advisors LLC Buys 4,216 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Abacus FCF Advisors LLC grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 46.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,346 shares of the technology company's stock after acquiring an additional 4,216 shares during the quarter. Abacus FCF Advisors LLC's holdings in Jack Henry & Associates were worth $2,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Jack Henry & Associates in the fourth quarter worth $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Jack Henry & Associates by 95.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock worth $229,057,000 after buying an additional 643,697 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Jack Henry & Associates by 29.9% in the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock worth $359,523,000 after buying an additional 471,507 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Jack Henry & Associates by 406.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 348,447 shares of the technology company's stock valued at $61,083,000 after buying an additional 279,628 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Jack Henry & Associates in the 4th quarter valued at about $48,834,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have issued reports on JKHY shares. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a research report on Wednesday, April 2nd. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective on the stock. Finally, Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $186.45.

Jack Henry & Associates Trading Up 1.5 %

Jack Henry & Associates stock traded up $2.63 during trading hours on Friday, hitting $172.77. The company had a trading volume of 546,525 shares, compared to its average volume of 534,804. The firm has a market cap of $12.59 billion, a P/E ratio of 31.19, a P/E/G ratio of 3.36 and a beta of 0.71. The company has a 50-day moving average price of $174.58 and a two-hundred day moving average price of $176.28. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00. 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 (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Thursday, March 6th. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio is presently 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.