Intech Investment Management LLC boosted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 110.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,257 shares of the technology company's stock after buying an additional 16,390 shares during the quarter. Intech Investment Management LLC's holdings in Jack Henry & Associates were worth $5,479,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JKHY. Victory Capital Management Inc. increased its stake in shares of Jack Henry & Associates by 4.9% in the 3rd quarter. Victory Capital Management Inc. now owns 70,850 shares of the technology company's stock valued at $12,508,000 after purchasing an additional 3,314 shares in the last quarter. Huntington National Bank increased its position in shares of Jack Henry & Associates by 20.9% in the third quarter. Huntington National Bank now owns 451 shares of the technology company's stock valued at $80,000 after buying an additional 78 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Jack Henry & Associates by 2.8% during the 3rd quarter. CIBC Asset Management Inc now owns 10,655 shares of the technology company's stock worth $1,881,000 after buying an additional 295 shares during the period. Empowered Funds LLC lifted its position in shares of Jack Henry & Associates by 2.0% during the 3rd quarter. Empowered Funds LLC now owns 4,845 shares of the technology company's stock valued at $855,000 after buying an additional 97 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Jack Henry & Associates by 14.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 95,093 shares of the technology company's stock valued at $16,787,000 after acquiring an additional 11,728 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.
Jack Henry & Associates Trading Down 1.3 %
Shares of Jack Henry & Associates stock traded down $2.25 during trading hours on Friday, hitting $173.05. The company's stock had a trading volume of 935,715 shares, compared to its average volume of 502,815. The stock has a market cap of $12.61 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 3.36 and a beta of 0.65. 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 twelve month low of $157.00 and a twelve month high of $196.00. The firm has a fifty day moving average of $174.22 and a 200-day moving average of $176.17.
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 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%. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.
Jack Henry & Associates Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a $0.58 dividend. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.34%. Jack Henry & Associates's payout ratio is presently 41.88%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price target for the company. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $186.80.
Check Out Our Latest Analysis on JKHY
About Jack Henry & Associates
(
Free Report)
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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