Handelsbanken Fonder AB Raises Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Handelsbanken Fonder AB increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 925,400 shares of the technology company's stock after buying an additional 61,600 shares during the quarter. Jack Henry & Associates comprises approximately 0.6% of Handelsbanken Fonder AB's portfolio, making the stock its 22nd largest position. Handelsbanken Fonder AB owned about 1.27% of Jack Henry & Associates worth $162,223,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Jack Henry & Associates by 1.7% during the 3rd quarter. State Street Corp now owns 3,976,658 shares of the technology company's stock valued at $702,039,000 after buying an additional 67,716 shares during the period. JPMorgan Chase & Co. raised its position in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock valued at $316,326,000 after buying an additional 131,515 shares during the period. Nordea Investment Management AB raised its position in shares of Jack Henry & Associates by 50.8% during the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock valued at $136,720,000 after buying an additional 263,021 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Jack Henry & Associates by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 610,742 shares of the technology company's stock valued at $107,820,000 after buying an additional 2,324 shares during the period. Finally, Stifel Financial Corp raised its position in Jack Henry & Associates by 0.8% in the third quarter. Stifel Financial Corp now owns 530,270 shares of the technology company's stock valued at $93,618,000 after purchasing an additional 3,953 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Up 1.4 %

Shares of NASDAQ:JKHY traded up $2.43 during trading on Friday, hitting $171.13. The company's stock had a trading volume of 709,347 shares, compared to its average volume of 592,816. The business has a 50 day moving average price of $173.58 and a two-hundred day moving average price of $174.74. The company has a market capitalization of $12.48 billion, a PE ratio of 30.89, a P/E/G ratio of 3.33 and a beta of 0.61. 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, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly 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%. As a group, research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be paid a dividend of $0.58 per share. The ex-dividend date is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.36%. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's payout ratio is presently 39.71%.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of research analyst reports. Stephens reissued an "equal weight" rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods boosted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a research report on Thursday, November 7th. Wells Fargo & Company initiated 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 reissued an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday. Finally, StockNews.com lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to 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.