Ossiam Raises Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Ossiam lifted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 156.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,277 shares of the technology company's stock after purchasing an additional 10,530 shares during the period. Ossiam's holdings in Jack Henry & Associates were worth $3,029,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JKHY. Fortitude Family Office LLC raised its stake in Jack Henry & Associates by 647.4% during the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after purchasing an additional 123 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Jack Henry & Associates during the third quarter valued at approximately $26,000. National Pension Service purchased a new position in shares of Jack Henry & Associates in the fourth quarter worth $27,000. ORG Partners LLC purchased a new position in Jack Henry & Associates during the fourth quarter valued at $35,000. Finally, Atala Financial Inc bought a new stake in Jack Henry & Associates in the 4th quarter valued at $40,000. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Price Performance

Shares of JKHY traded up $0.53 during mid-day trading on Wednesday, hitting $173.21. 504,233 shares of the company were exchanged, compared to its average volume of 539,989. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The stock has a market cap of $12.63 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71. The company has a 50 day moving average of $174.56 and a 200-day moving average of $175.94.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its 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%. 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. Shareholders of record on Thursday, March 6th were paid a $0.58 dividend. 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. This represents a $2.32 dividend on an annualized basis and a yield of 1.34%. Jack Henry & Associates's dividend payout ratio (DPR) is currently 41.88%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Northcoast Research downgraded 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 report on Tuesday, February 18th. Wells Fargo & Company initiated 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 for the company. Finally, The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a report on Wednesday, April 2nd. One investment 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's stock. Based on data from MarketBeat.com, the stock has a consensus 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.