Swiss National Bank decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 206,000 shares of the technology company's stock after selling 9,700 shares during the quarter. Swiss National Bank owned about 0.28% of Jack Henry & Associates worth $36,112,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. lifted its stake in Jack Henry & Associates by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company's stock valued at $877,000 after buying an additional 61 shares in the last quarter. Townsquare Capital LLC increased its holdings in Jack Henry & Associates by 0.7% during the third quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company's stock worth $1,695,000 after buying an additional 67 shares during the last quarter. Willis Investment Counsel boosted its position in Jack Henry & Associates by 1.9% during the fourth quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock worth $640,000 after purchasing an additional 68 shares during the period. Torray Investment Partners LLC boosted its position in Jack Henry & Associates by 0.7% during the fourth quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock worth $1,831,000 after purchasing an additional 76 shares during the period. Finally, Huntington National Bank boosted its position in Jack Henry & Associates by 20.9% during the third quarter. Huntington National Bank now owns 451 shares of the technology company's stock worth $80,000 after purchasing an additional 78 shares during the period. Institutional investors own 98.75% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price for the company. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Finally, StockNews.com cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $186.80.
Get Our Latest Stock Report on Jack Henry & Associates
Jack Henry & Associates Price Performance
NASDAQ JKHY traded down $1.87 during trading on Thursday, hitting $175.30. 493,906 shares of the company's stock were exchanged, compared to its average volume of 499,389. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The company has a market cap of $12.78 billion, a PE ratio of 31.64, a P/E/G ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The stock's 50 day moving average price is $174.16 and its two-hundred day moving average price is $176.17.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results 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 return on equity of 21.55% and a net margin of 17.83%. Research analysts expect 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 will be paid on Tuesday, March 25th. Shareholders 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 annualized dividend and a yield of 1.32%. Jack Henry & Associates's payout ratio is presently 41.88%.
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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