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

Invesco Ltd. lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 29.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,050,900 shares of the technology company's stock after acquiring an additional 471,507 shares during the quarter. Invesco Ltd. owned 2.81% of Jack Henry & Associates worth $359,523,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Fortitude Family Office LLC raised its stake in shares of Jack Henry & Associates by 647.4% during the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock worth $25,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Jack Henry & Associates during the third quarter worth $26,000. National Pension Service purchased a new position in Jack Henry & Associates during the fourth quarter valued at $27,000. ORG Partners LLC acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at about $35,000. Finally, Atala Financial Inc purchased a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Trading Up 0.5 %

NASDAQ:JKHY traded up $0.94 on Tuesday, hitting $174.79. The stock had a trading volume of 114,763 shares, compared to its average volume of 533,211. The company has a fifty day moving average price of $174.60 and a two-hundred day moving average price of $176.26. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 3.36 and a beta of 0.71. 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 $196.00.

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Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were issued 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 1.33%. The ex-dividend date of this dividend was Thursday, March 6th. Jack Henry & Associates's dividend payout ratio is currently 41.88%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on JKHY shares. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price for the company in a report on Wednesday, April 2nd. Wells Fargo & Company began coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price target on the stock. Finally, William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Jack Henry & Associates currently has an average rating of "Hold" and a consensus target price of $186.45.

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.