Resona Asset Management Co. Ltd. bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 28,436 shares of the technology company's stock, valued at approximately $4,989,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Jack Henry & Associates during the 4th quarter valued at $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in 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 buying an additional 643,697 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Jack Henry & Associates by 406.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 348,447 shares of the technology company's stock valued at $61,083,000 after acquiring an additional 279,628 shares during the period. Norges Bank purchased a new position in shares of Jack Henry & Associates in the fourth quarter valued at about $48,834,000. Finally, Nordea Investment Management AB lifted its holdings in Jack Henry & Associates by 50.8% in the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after purchasing an additional 263,021 shares in the last quarter. Institutional investors own 98.75% of the company's stock.
Jack Henry & Associates Stock Performance
Shares of Jack Henry & Associates stock traded up $2.14 on Monday, reaching $174.91. 53,257 shares of the stock were exchanged, compared to its average volume of 532,915. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $12.75 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 3.36 and a beta of 0.71. The business has a 50 day moving average price of $174.58 and a two-hundred day moving average price of $176.28.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its 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 return on equity of 21.55% and a net margin of 17.83%. Analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were issued a $0.58 dividend. The ex-dividend date was Thursday, March 6th. This is an increase 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 1.33%. Jack Henry & Associates's payout ratio is presently 41.88%.
Analyst Ratings Changes
JKHY has been the topic of several analyst reports. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. The Goldman Sachs Group upgraded 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. Finally, 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 target price for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $186.45.
View Our Latest Report on JKHY
About Jack Henry & Associates
(
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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