iA Global Asset Management Inc. Has $1.33 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

iA Global Asset Management Inc. boosted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 320.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,597 shares of the technology company's stock after acquiring an additional 5,790 shares during the quarter. iA Global Asset Management Inc.'s holdings in Jack Henry & Associates were worth $1,332,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in 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 buying an additional 131,515 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Jack Henry & Associates in the third quarter worth about $618,000. Enterprise Financial Services Corp purchased a new position in Jack Henry & Associates during the 4th quarter worth approximately $900,000. Andra AP fonden raised its position in Jack Henry & Associates by 10.7% during the fourth quarter. Andra AP fonden now owns 29,900 shares of the technology company's stock valued at $5,241,000 after buying an additional 2,900 shares during the period. Finally, Nordea Investment Management AB boosted its position in 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 worth $136,720,000 after acquiring an additional 263,021 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research analysts have weighed in on JKHY shares. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Finally, Wells Fargo & Company began coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Jack Henry & Associates currently has an average rating of "Hold" and a consensus target price of $186.80.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY traded up $0.81 during trading on Tuesday, hitting $173.63. 104,047 shares of the stock were exchanged, compared to its average volume of 502,915. The company's fifty day simple moving average is $174.21 and its 200-day simple moving average is $176.18. 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 company has a market capitalization of $12.66 billion, a price-to-earnings ratio of 31.34, 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.

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

Jack Henry & Associates Increases Dividend

The business 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 $0.58 dividend. 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 1.34%. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates's dividend payout ratio is currently 41.88%.

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.