Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 55.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,298 shares of the technology company's stock after purchasing an additional 1,533 shares during the quarter. Sterling Capital Management LLC's holdings in Jack Henry & Associates were worth $753,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position 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 worth $1,544,634,000 after purchasing an additional 157,360 shares during the last quarter. Invesco Ltd. increased its holdings in Jack Henry & Associates by 29.9% in the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after purchasing an additional 471,507 shares during the last quarter. Geode Capital Management LLC raised its position in Jack Henry & Associates by 1.3% in 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 stake in Jack Henry & Associates by 7.9% during the third 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. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Jack Henry & Associates by 95.4% during the fourth 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 during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on JKHY shares. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price target on the stock. Northcoast Research downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a research note on Wednesday, April 2nd. Finally, William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $186.45.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY traded down $3.81 on Monday, reaching $168.02. The company's stock had a trading volume of 182,319 shares, compared to its average volume of 648,784. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00. The stock's 50-day moving average is $174.54 and its two-hundred day moving average is $176.05. The stock has a market capitalization of $12.25 billion, a P/E ratio of 30.33, a PEG ratio of 3.36 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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, sell-side 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 announced 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 is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.38%. Jack Henry & Associates's payout ratio is presently 41.88%.

Jack Henry & Associates 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.