Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 619,649 shares of the technology company's stock after buying an additional 8,907 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.85% of Jack Henry & Associates worth $108,624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fortitude Family Office LLC raised its stake in shares of Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Jack Henry & Associates in the 3rd quarter valued at $26,000. National Pension Service acquired a new stake in Jack Henry & Associates in the 4th quarter valued at $27,000. ORG Partners LLC acquired a new position in shares of Jack Henry & Associates during the fourth quarter worth about $35,000. Finally, Manchester Capital Management LLC lifted its stake in shares of Jack Henry & Associates by 11,750.0% during the fourth quarter. Manchester Capital Management LLC now owns 237 shares of the technology company's stock worth $42,000 after purchasing an additional 235 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Down 1.9 %

NASDAQ:JKHY traded down $3.30 during mid-day trading on Wednesday, reaching $173.40. The stock had a trading volume of 747,767 shares, compared to its average volume of 664,681. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The stock's 50 day simple moving average is $173.78 and its two-hundred day simple moving average is $176.03.

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Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results 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 return on equity of 21.55% and a net margin of 17.83%. Equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.58 per share. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.34%. Jack Henry & Associates's payout ratio is presently 41.88%.

Analyst Ratings Changes

JKHY has been the topic of several analyst reports. StockNews.com downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective on the stock. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday. Finally, William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates presently has an average rating of "Hold" and a consensus target price of $186.80.

Jack Henry & Associates Company 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.