Korea Investment CORP Has $6.76 Million Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Korea Investment CORP raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 176.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 38,534 shares of the technology company's stock after purchasing an additional 24,600 shares during the quarter. Korea Investment CORP owned 0.05% of Jack Henry & Associates worth $6,755,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in JKHY. Cerity Partners LLC lifted its holdings in shares of Jack Henry & Associates by 29.0% during the 3rd quarter. Cerity Partners LLC now owns 6,236 shares of the technology company's stock worth $1,101,000 after acquiring an additional 1,403 shares during the period. D.A. Davidson & CO. boosted its holdings in Jack Henry & Associates by 1.2% during the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company's stock valued at $877,000 after purchasing an additional 61 shares in the last quarter. FMR LLC raised its holdings in shares of Jack Henry & Associates by 7.8% in the 3rd quarter. FMR LLC now owns 19,815 shares of the technology company's stock worth $3,498,000 after buying an additional 1,428 shares in the last quarter. Townsquare Capital LLC lifted its position in shares of Jack Henry & Associates by 0.7% during the 3rd quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company's stock worth $1,695,000 after buying an additional 67 shares during the period. Finally, Glenmede Trust Co. NA boosted its stake in Jack Henry & Associates by 5.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,188 shares of the technology company's stock valued at $563,000 after buying an additional 174 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Remove Ads

Jack Henry & Associates Stock Performance

Shares of JKHY stock traded down $11.98 on Friday, reaching $172.62. The stock had a trading volume of 879,744 shares, compared to its average volume of 525,259. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm's 50-day moving average is $175.42 and its two-hundred day moving average is $176.53. The firm has a market capitalization of $12.58 billion, a price-to-earnings ratio of 31.16, a P/E/G ratio of 3.36 and a beta of 0.65. 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 data on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate 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 expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were 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 was 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%.

Analyst Upgrades and Downgrades

JKHY has been the topic of several research analyst reports. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Wells Fargo & Company began coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price objective for the company. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a report on Wednesday. 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $186.45.

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.