Renaissance Technologies LLC Grows Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Renaissance Technologies LLC increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 216.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,519 shares of the technology company's stock after acquiring an additional 40,000 shares during the period. Renaissance Technologies LLC owned approximately 0.08% of Jack Henry & Associates worth $10,258,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Jack Henry & Associates by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock worth $1,544,634,000 after purchasing an additional 157,360 shares during the period. Invesco Ltd. boosted its stake in Jack Henry & Associates by 29.9% during the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock worth $359,523,000 after buying an additional 471,507 shares during the period. Geode Capital Management LLC increased its position in Jack Henry & Associates by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock valued at $349,796,000 after acquiring an additional 24,709 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Jack Henry & Associates by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock valued at $316,326,000 after acquiring an additional 131,515 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Jack Henry & Associates by 95.4% in the 4th 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 last quarter. 98.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on JKHY shares. The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a research report on Wednesday, April 2nd. Wells Fargo & Company initiated coverage on 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. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Finally, William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $186.45.

Jack Henry & Associates Stock Up 2.3 %

Shares of NASDAQ:JKHY traded up $3.96 during trading hours on Tuesday, hitting $172.68. The company's stock had a trading volume of 544,551 shares, compared to its average volume of 539,159. 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 firm's fifty day moving average price is $174.56 and its 200 day moving average price is $175.94. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 31.17, a P/E/G ratio of 3.36 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted 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%. As a group, research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current 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 paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's payout ratio is 41.88%.

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.