Jack Henry & Associates, Inc. (NASDAQ:JKHY) Holdings Lifted by MML Investors Services LLC

MML Investors Services LLC lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 9.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,397 shares of the technology company's stock after buying an additional 2,037 shares during the quarter. MML Investors Services LLC's holdings in Jack Henry & Associates were worth $4,277,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in JKHY. Fortitude Family Office LLC boosted its position in shares of Jack Henry & Associates by 647.4% in 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Jack Henry & Associates in the 3rd quarter valued at about $26,000. National Pension Service purchased a new position in Jack Henry & Associates in the 4th quarter valued at about $27,000. ORG Partners LLC purchased a new position in Jack Henry & Associates in the 4th quarter valued at about $35,000. Finally, Atala Financial Inc purchased a new position in Jack Henry & Associates in the 4th quarter valued at about $40,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

Shares of JKHY stock traded up $3.46 on Tuesday, hitting $173.51. 659,724 shares of the stock traded hands, compared to its average volume of 542,368. 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 market capitalization of $12.65 billion, a PE ratio of 31.32, a PEG ratio of 3.36 and a beta of 0.71. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The company's fifty day moving average is $174.94 and its 200 day moving average is $175.62.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) 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, equities research analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were given a $0.58 dividend. The ex-dividend date was 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 1.34%. Jack Henry & Associates's dividend payout ratio (DPR) is currently 41.88%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JKHY. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price for the company in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price 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.