American Century Companies Inc. increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 63.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,031 shares of the technology company's stock after purchasing an additional 15,106 shares during the quarter. American Century Companies Inc. owned 0.05% of Jack Henry & Associates worth $6,842,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its holdings in shares of Jack Henry & Associates by 647.4% during the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock worth $25,000 after acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Jack Henry & Associates during the third quarter worth $26,000. National Pension Service acquired a new stake in shares of Jack Henry & Associates in the 4th quarter valued at $27,000. ORG Partners LLC acquired a new stake in shares of Jack Henry & Associates in the 4th quarter valued at $35,000. Finally, Atala Financial Inc acquired a new position in shares of Jack Henry & Associates during the 4th quarter worth $40,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Wells Fargo & Company began coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price on the stock. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target for the company in a research note on Wednesday, April 2nd. 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. Based on data from MarketBeat.com, Jack Henry & Associates has a consensus rating of "Hold" and a consensus target price of $186.45.
Get Our Latest Stock Analysis on JKHY
Jack Henry & Associates Trading Down 3.4 %
Shares of JKHY stock traded down $5.82 during mid-day trading on Tuesday, hitting $163.54. The company's stock had a trading volume of 777,832 shares, compared to its average volume of 528,973. The company has a market cap of $11.92 billion, a PE ratio of 29.52, a P/E/G ratio of 3.36 and a beta of 0.71. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company's fifty day simple moving average is $174.84 and its 200-day simple moving average is $176.34. 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 released its quarterly earnings data 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, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.
Jack Henry & Associates Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 1.42%. Jack Henry & Associates's payout ratio is presently 41.88%.
About Jack Henry & Associates
(
Free Report)
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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