Globeflex Capital L P Purchases 19,990 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Globeflex Capital L P boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 227.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,781 shares of the technology company's stock after purchasing an additional 19,990 shares during the quarter. Globeflex Capital L P's holdings in Jack Henry & Associates were worth $5,045,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Jack Henry & Associates during the fourth quarter valued at about $132,817,000. Nordea Investment Management AB raised its position in shares of Jack Henry & Associates by 50.8% during the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after acquiring an additional 263,021 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after acquiring an additional 131,515 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of Jack Henry & Associates by 2,032.2% during the third quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company's stock worth $22,540,000 after acquiring an additional 121,667 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Jack Henry & Associates by 49.4% during the third quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company's stock worth $38,836,000 after acquiring an additional 72,760 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $175.83 on Friday. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00. The business's fifty day moving average is $173.83 and its 200 day moving average is $176.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 3.36 and a beta of 0.65.

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Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results 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%. Research analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be issued a $0.58 dividend. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates's dividend payout ratio is presently 41.88%.

Analysts Set New Price Targets

A number of brokerages have commented on JKHY. StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company started coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned 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 $186.80.

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.

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