Alberta Investment Management Corp Makes New Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Alberta Investment Management Corp acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 24,200 shares of the technology company's stock, valued at approximately $4,242,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bridges Investment Management Inc. raised its holdings in shares of Jack Henry & Associates by 1.7% during the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company's stock valued at $575,000 after buying an additional 55 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Jack Henry & Associates by 1.2% during the 3rd quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company's stock worth $877,000 after buying an additional 61 shares in the last quarter. Townsquare Capital LLC increased its position in shares of Jack Henry & Associates by 0.7% during the 3rd quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company's stock valued at $1,695,000 after purchasing an additional 67 shares during the period. Willis Investment Counsel boosted its position in shares of Jack Henry & Associates by 1.9% during the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock valued at $640,000 after purchasing an additional 68 shares in the last quarter. Finally, Huntington National Bank raised its holdings in shares of Jack Henry & Associates by 20.9% in the 3rd quarter. Huntington National Bank now owns 451 shares of the technology company's stock worth $80,000 after purchasing an additional 78 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock traded up $2.43 during trading on Friday, reaching $171.13. The company's stock had a trading volume of 709,347 shares, compared to its average volume of 592,816. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The stock has a 50-day moving average price of $173.58 and a two-hundred day moving average price of $174.74. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $12.48 billion, a P/E ratio of 30.89, a price-to-earnings-growth ratio of 3.33 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.36%. 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 dividend payout ratio is 39.71%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on JKHY shares. UBS Group lifted their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods lifted their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a research note on Thursday, November 7th. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday. StockNews.com downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company began coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates currently has an average rating of "Hold" and an average target price of $186.80.

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.