Andra AP fonden Buys 2,900 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Andra AP fonden grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,900 shares of the technology company's stock after purchasing an additional 2,900 shares during the quarter. Andra AP fonden's holdings in Jack Henry & Associates were worth $5,241,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fortitude Family Office LLC lifted its holdings in Jack Henry & Associates by 647.4% during the 4th 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 last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Jack Henry & Associates in the 3rd quarter valued at $26,000. National Pension Service bought a new position in Jack Henry & Associates during the fourth quarter worth about $27,000. ORG Partners LLC acquired a new position in shares of Jack Henry & Associates during the 4th quarter worth about $35,000. Finally, Manchester Capital Management LLC increased its stake in shares of Jack Henry & Associates by 11,750.0% in the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company's stock valued at $42,000 after acquiring an additional 235 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Wall Street Analysts Forecast Growth

JKHY has been the topic of several recent analyst reports. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price target for the company. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a research 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 company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $186.80.

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Jack Henry & Associates Price Performance

Jack Henry & Associates stock traded down $3.55 during mid-day trading on Wednesday, reaching $173.14. 1,020,428 shares of the company were exchanged, compared to its average volume of 671,084. The firm has a market cap of $12.62 billion, a PE ratio of 31.25, a PEG ratio of 3.36 and a beta of 0.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The company has a fifty day simple moving average of $173.78 and a 200-day simple moving average of $176.03. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly 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 return on equity of 21.55% and a net margin of 17.83%. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be given a dividend of $0.58 per share. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.34%. Jack Henry & Associates's dividend payout ratio (DPR) is currently 41.88%.

About Jack Henry & Associates

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.