Barclays PLC Increases Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Barclays PLC grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 11.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,158 shares of the technology company's stock after acquiring an additional 19,581 shares during the quarter. Barclays PLC owned about 0.27% of Jack Henry & Associates worth $34,737,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in JKHY. JPMorgan Chase & Co. raised its holdings in Jack Henry & Associates by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after purchasing an additional 131,515 shares in the last quarter. Enterprise Financial Services Corp bought a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $900,000. Cobblestone Capital Advisors LLC NY lifted its position in Jack Henry & Associates by 21.4% during the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company's stock valued at $21,348,000 after acquiring an additional 21,466 shares during the last quarter. Andra AP fonden grew its holdings in Jack Henry & Associates by 10.7% in the fourth quarter. Andra AP fonden now owns 29,900 shares of the technology company's stock worth $5,241,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in Jack Henry & Associates by 50.8% in the fourth 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 during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on JKHY shares. 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 price objective for the company. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Finally, The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $186.45.

Jack Henry & Associates Stock Performance

Shares of JKHY traded down $3.11 during mid-day trading on Monday, reaching $168.72. The company had a trading volume of 543,532 shares, compared to its average volume of 538,297. The stock has a market capitalization of $12.30 billion, a P/E ratio of 30.45, a PEG 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 stock has a 50 day moving average of $174.54 and a two-hundred day moving average of $176.05. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 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, analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.58 per share. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates's dividend payout ratio is presently 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.