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

Vanguard Group Inc. raised its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,811,373 shares of the technology company's stock after buying an additional 157,360 shares during the period. Vanguard Group Inc. owned approximately 12.08% of Jack Henry & Associates worth $1,544,634,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of JKHY. Fortitude Family Office LLC boosted its holdings in Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after purchasing an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Jack Henry & Associates in the 3rd quarter valued at about $26,000. National Pension Service acquired a new position in shares of Jack Henry & Associates during the fourth quarter worth about $27,000. ORG Partners LLC purchased a new stake in shares of Jack Henry & Associates during the fourth quarter worth approximately $35,000. Finally, Atala Financial Inc purchased a new stake in shares of Jack Henry & Associates during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price for the company. Finally, William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Jack Henry & Associates presently has a consensus rating of "Hold" and a consensus price target of $186.80.

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Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock traded up $1.42 on Tuesday, hitting $184.02. The stock had a trading volume of 740,776 shares, compared to its average volume of 520,874. The stock has a market cap of $13.41 billion, a price-to-earnings ratio of 33.22, a P/E/G ratio of 3.36 and a beta of 0.65. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00. The company's 50 day moving average price is $175.03 and its 200 day moving average price is $176.44.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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%. On average, research 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 disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were paid a $0.58 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a yield of 1.26%. Jack Henry & Associates's payout ratio is currently 41.88%.

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.