Bank of New York Mellon Corp Acquires 70,540 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Bank of New York Mellon Corp grew its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 706,048 shares of the technology company's stock after buying an additional 70,540 shares during the quarter. Bank of New York Mellon Corp owned 0.97% of Jack Henry & Associates worth $123,770,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Union Bancaire Privee UBP SA purchased a new stake in Jack Henry & Associates during the fourth quarter valued at about $3,040,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Jack Henry & Associates by 33.0% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 33,066 shares of the technology company's stock valued at $5,796,000 after purchasing an additional 8,200 shares during the last quarter. Redmond Asset Management LLC purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at about $1,656,000. Nicholson Wealth Management Group LLC lifted its position in Jack Henry & Associates by 62.0% in the 4th quarter. Nicholson Wealth Management Group LLC now owns 8,649 shares of the technology company's stock worth $1,516,000 after buying an additional 3,310 shares during the last quarter. Finally, Tandem Investment Advisors Inc. boosted its stake in Jack Henry & Associates by 12.3% in the fourth quarter. Tandem Investment Advisors Inc. now owns 566,822 shares of the technology company's stock worth $99,364,000 after buying an additional 61,969 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have commented on JKHY. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Wells Fargo & Company began coverage on shares of 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. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Stephens reaffirmed an "equal weight" rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a research note on Thursday, November 7th. One investment 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 data from MarketBeat, Jack Henry & Associates has a consensus rating of "Hold" and a consensus price target of $186.80.

Jack Henry & Associates Trading Up 0.3 %

Shares of NASDAQ:JKHY traded up $0.61 on Wednesday, hitting $177.63. The company had a trading volume of 681,645 shares, compared to its average volume of 611,130. The firm's 50-day simple moving average is $173.04 and its two-hundred day simple moving average is $175.37. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 32.06, a P/E/G ratio of 3.36 and a beta of 0.61. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings results 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 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 earnings per share 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. Stockholders of record on Thursday, March 6th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Thursday, March 6th. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio (DPR) is presently 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.