Jacobson & Schmitt Advisors LLC Acquires 1,745 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Jacobson & Schmitt Advisors LLC grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,936 shares of the technology company's stock after purchasing an additional 1,745 shares during the period. Jack Henry & Associates comprises 1.9% of Jacobson & Schmitt Advisors LLC's holdings, making the stock its 27th largest holding. Jacobson & Schmitt Advisors LLC owned 0.08% of Jack Henry & Associates worth $9,981,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in JKHY. Nordea Investment Management AB raised its stake in Jack Henry & Associates by 50.8% during the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after acquiring an additional 263,021 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after buying an additional 131,515 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of Jack Henry & Associates by 2,032.2% during the third quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company's stock worth $22,540,000 after buying an additional 121,667 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Jack Henry & Associates by 80.0% during the third quarter. Assenagon Asset Management S.A. now owns 207,757 shares of the technology company's stock worth $36,677,000 after buying an additional 92,359 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Jack Henry & Associates by 49.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company's stock valued at $38,836,000 after acquiring an additional 72,760 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on JKHY. Keefe, Bruyette & Woods upped their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a report on Thursday, November 7th. Stephens reaffirmed an "equal weight" rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday. Finally, UBS Group raised their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $186.80.

Jack Henry & Associates Trading Up 1.5 %

Shares of JKHY traded up $2.51 during trading hours on Friday, hitting $171.21. 335,946 shares of the stock were exchanged, compared to its average volume of 581,122. The firm has a market capitalization of $12.48 billion, a P/E ratio of 30.89, a price-to-earnings-growth ratio of 3.33 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The business has a 50-day moving average of $173.58 and a 200-day moving average of $174.74.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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%. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Thursday, March 6th. 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 yield of 1.36%. Jack Henry & Associates's payout ratio is 39.71%.

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.