Thrivent Financial for Lutherans Has $35.08 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Thrivent Financial for Lutherans raised its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 110.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,093 shares of the technology company's stock after purchasing an additional 105,000 shares during the quarter. Thrivent Financial for Lutherans owned about 0.27% of Jack Henry & Associates worth $35,080,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC lifted its position in Jack Henry & Associates by 41.4% during the 4th quarter. Signaturefd LLC now owns 1,541 shares of the technology company's stock worth $270,000 after acquiring an additional 451 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Jack Henry & Associates by 33.6% in the fourth quarter. Parallel Advisors LLC now owns 4,255 shares of the technology company's stock valued at $746,000 after purchasing an additional 1,070 shares during the period. Globeflex Capital L P grew its holdings in Jack Henry & Associates by 227.4% during the 4th quarter. Globeflex Capital L P now owns 28,781 shares of the technology company's stock valued at $5,045,000 after purchasing an additional 19,990 shares in the last quarter. Atala Financial Inc acquired a new stake in shares of Jack Henry & Associates during the fourth quarter valued at about $40,000. Finally, Commonwealth Equity Services LLC grew its stake in Jack Henry & Associates by 1.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 9,202 shares of the technology company's stock valued at $1,613,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Remove Ads

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock traded up $1.96 during mid-day trading on Tuesday, hitting $174.78. 550,778 shares of the company's stock traded hands, compared to its average volume of 502,915. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00. The company has a market cap of $12.74 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. The firm has a 50 day moving average price of $174.21 and a 200 day moving average price of $176.18. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released 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 net margin of 17.83% and a return on equity of 21.55%. On average, 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. Shareholders of record on Thursday, March 6th will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.33%. Jack Henry & Associates's payout ratio is 41.88%.

Wall Street Analyst Weigh In

Several research firms have recently commented on JKHY. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. StockNews.com downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. 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. Finally, William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Jack Henry & Associates presently has an average rating of "Hold" and a consensus target price of $186.80.

About Jack Henry & Associates

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.