New Age Alpha Advisors LLC Buys 3,542 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

New Age Alpha Advisors LLC grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 3,577.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,641 shares of the technology company's stock after acquiring an additional 3,542 shares during the quarter. New Age Alpha Advisors LLC's holdings in Jack Henry & Associates were worth $638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $48,834,000. UniSuper Management Pty Ltd increased its stake in Jack Henry & Associates by 16.3% during the fourth quarter. UniSuper Management Pty Ltd now owns 11,526 shares of the technology company's stock worth $2,021,000 after acquiring an additional 1,613 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Jack Henry & Associates by 95.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock valued at $229,057,000 after purchasing an additional 643,697 shares during the period. Korea Investment CORP lifted its stake in shares of Jack Henry & Associates by 176.5% in the 4th quarter. Korea Investment CORP now owns 38,534 shares of the technology company's stock valued at $6,755,000 after purchasing an additional 24,600 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Jack Henry & Associates in the 4th quarter valued at approximately $719,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

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

Jack Henry & Associates Trading Down 6.5 %

Shares of NASDAQ JKHY traded down $11.98 during trading hours on Friday, reaching $172.62. The stock had a trading volume of 879,744 shares, compared to its average volume of 525,259. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00. The firm has a market cap 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. The business's fifty day moving average price is $175.42 and its two-hundred day moving average price is $176.53. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

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 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%. Analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 6th. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio is presently 41.88%.

Jack Henry & Associates 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.