Asahi Life Asset Management CO. LTD. purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,900 shares of the technology company's stock, valued at approximately $333,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bridges Investment Management Inc. increased its holdings in shares of Jack Henry & Associates by 13.0% in the fourth quarter. Bridges Investment Management Inc. now owns 3,679 shares of the technology company's stock valued at $645,000 after purchasing an additional 423 shares during the period. Metis Global Partners LLC grew its position in Jack Henry & Associates by 3.9% in the 4th quarter. Metis Global Partners LLC now owns 2,425 shares of the technology company's stock valued at $425,000 after buying an additional 91 shares during the last quarter. Cobblestone Capital Advisors LLC NY grew its position in Jack Henry & Associates by 21.4% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company's stock valued at $21,348,000 after buying an additional 21,466 shares during the last quarter. Flputnam Investment Management Co. increased its stake in Jack Henry & Associates by 4.9% in the 4th quarter. Flputnam Investment Management Co. now owns 22,521 shares of the technology company's stock valued at $3,948,000 after buying an additional 1,062 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Jack Henry & Associates during the 4th quarter worth $5,931,000. 98.75% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on JKHY shares. Royal Bank of Canada lifted their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a report on Thursday, November 7th. StockNews.com lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. UBS Group increased their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods lifted their price target on 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. Finally, Stephens reaffirmed an "equal weight" rating and set a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $186.80.
Read Our Latest Analysis on Jack Henry & Associates
Jack Henry & Associates Price Performance
Jack Henry & Associates stock traded up $0.61 during trading hours on Wednesday, hitting $177.63. The stock had a trading volume of 681,645 shares, compared to its average volume of 611,130. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $189.63. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 3.36 and a beta of 0.61. The stock's fifty day moving average is $173.03 and its two-hundred day moving average is $175.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. 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 firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost 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 41.88%.
Jack Henry & Associates Profile
(
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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