Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,023 shares of the technology company's stock after buying an additional 7,066 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of Jack Henry & Associates worth $9,821,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Jack Henry & Associates by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock valued at $1,544,634,000 after buying an additional 157,360 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 24,709 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 131,515 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Jack Henry & Associates by 95.4% during 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 in the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Jack Henry & Associates by 7.1% in the 4th quarter. Handelsbanken Fonder AB now owns 925,400 shares of the technology company's stock worth $162,223,000 after purchasing an additional 61,600 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JKHY. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price for the company in a research note on Wednesday, April 2nd. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research 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. Finally, 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 objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $186.45.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock traded down $0.25 on Thursday, hitting $171.64. 98,185 shares of the company's stock were exchanged, compared to its average volume of 534,570. The company has a 50-day simple moving average of $174.56 and a 200-day simple moving average of $176.22. The stock has a market capitalization of $12.51 billion, a PE ratio of 31.03, a PEG ratio of 3.36 and a beta of 0.71. 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.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 EPS 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%. As a group, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.35%. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 6th. Jack Henry & Associates's dividend payout ratio is presently 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.