Stephens Inc. AR Grows Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Stephens Inc. AR boosted its position in shares of 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 SEC. The fund owned 18,432 shares of the technology company's stock after acquiring an additional 2,318 shares during the quarter. Stephens Inc. AR's holdings in Jack Henry & Associates were worth $3,231,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB raised its position in Jack Henry & Associates by 50.8% in the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after acquiring an additional 263,021 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Jack Henry & Associates by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after purchasing an additional 131,515 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Jack Henry & Associates by 2,032.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company's stock worth $22,540,000 after purchasing an additional 121,667 shares during the period. Assenagon Asset Management S.A. lifted its position in Jack Henry & Associates by 80.0% during the third quarter. Assenagon Asset Management S.A. now owns 207,757 shares of the technology company's stock valued at $36,677,000 after purchasing an additional 92,359 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Jack Henry & Associates by 49.4% during the third quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company's stock valued at $38,836,000 after purchasing an additional 72,760 shares during the period. Institutional investors own 98.75% of the company's stock.

Analysts Set New Price Targets

JKHY has been the topic of several recent research reports. Stephens reaffirmed an "equal weight" rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. UBS Group lifted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. William Blair cut shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. StockNews.com cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada increased their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a "sector perform" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates presently has an average rating of "Hold" and a consensus target price of $186.80.

Insider Buying and Selling at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the sale, the insider now directly owns 138,665 shares of the company's stock, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is owned by company insiders.

Jack Henry & Associates Price Performance

Shares of JKHY stock traded down $0.78 during trading hours on Wednesday, hitting $170.19. The stock had a trading volume of 378,341 shares, compared to its average volume of 591,912. The stock's 50-day moving average price is $174.65 and its two-hundred day moving average price is $174.92. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 3.46 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.11 and a quick ratio of 1.11.

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 (EPS) 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%. Equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be paid a dividend of $0.58 per share. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is 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 is presently 39.71%.

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.