Norges Bank bought a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 278,575 shares of the technology company's stock, valued at approximately $48,834,000. Norges Bank owned 0.38% of Jack Henry & Associates at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. UniSuper Management Pty Ltd raised its stake in shares of Jack Henry & Associates by 16.3% in the 4th quarter. UniSuper Management Pty Ltd now owns 11,526 shares of the technology company's stock worth $2,021,000 after buying an additional 1,613 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings 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 worth $229,057,000 after acquiring an additional 643,697 shares during the period. Korea Investment CORP raised its position in Jack Henry & Associates by 176.5% in the fourth quarter. Korea Investment CORP now owns 38,534 shares of the technology company's stock worth $6,755,000 after acquiring an additional 24,600 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Jack Henry & Associates in the 4th quarter valued at about $719,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Jack Henry & Associates by 41.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 201,503 shares of the technology company's stock valued at $35,323,000 after purchasing an additional 58,989 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.
Jack Henry & Associates Stock Up 4.4 %
NASDAQ:JKHY traded up $7.17 on Wednesday, hitting $170.71. 993,038 shares of the company's stock traded hands, compared to its average volume of 531,549. The firm has a 50-day moving average price of $174.70 and a 200-day moving average price of $176.27. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The company has a market cap of $12.44 billion, a PE ratio of 30.81, a price-to-earnings-growth 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.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released 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%. Equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.
Jack Henry & Associates Increases Dividend
The company also recently disclosed 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 boost from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.36%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 41.88%.
Analyst Ratings Changes
A number of research firms recently commented on JKHY. 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 on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company started coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price target on the stock. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $186.45.
Check Out Our Latest Report on Jack Henry & Associates
Jack Henry & Associates Profile
(
Free Report)
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.
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