AGF Management Ltd. Buys New Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

AGF Management Ltd. purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,740 shares of the technology company's stock, valued at approximately $305,000.

A number of other institutional investors also recently made changes to their positions in the stock. State Street Corp grew its holdings in Jack Henry & Associates by 1.7% during the third quarter. State Street Corp now owns 3,976,658 shares of the technology company's stock worth $702,039,000 after acquiring an additional 67,716 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock valued at $316,326,000 after purchasing an additional 131,515 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Jack Henry & Associates by 7.1% in the 4th quarter. Handelsbanken Fonder AB now owns 925,400 shares of the technology company's stock worth $162,223,000 after purchasing an additional 61,600 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Jack Henry & Associates by 50.8% in the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after purchasing an additional 263,021 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth approximately $132,817,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on JKHY shares. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Wells Fargo & Company initiated coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price on the stock. Finally, Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $186.80.

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Jack Henry & Associates Trading Up 0.3 %

Shares of NASDAQ JKHY opened at $175.83 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00. The business has a 50-day moving average price of $173.83 and a two-hundred day moving average price of $176.08. The firm has a market capitalization of $12.82 billion, a PE ratio of 31.74, a PEG ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. As a group, analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.32%. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates's dividend payout ratio (DPR) is currently 41.88%.

About Jack Henry & Associates

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.

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