US Bancorp DE lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 3.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,543 shares of the technology company's stock after selling 1,570 shares during the period. US Bancorp DE owned about 0.05% of Jack Henry & Associates worth $6,933,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. State Street Corp increased its holdings in Jack Henry & Associates by 1.7% in the 3rd quarter. State Street Corp now owns 3,976,658 shares of the technology company's stock worth $702,039,000 after purchasing an additional 67,716 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in 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. Handelsbanken Fonder AB increased its holdings 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 in the last quarter. Nordea Investment Management AB increased its holdings in Jack Henry & Associates by 50.8% in the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after purchasing an additional 263,021 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Jack Henry & Associates by 11.1% in the 4th quarter. Bank of New York Mellon Corp now owns 706,048 shares of the technology company's stock worth $123,770,000 after purchasing an additional 70,540 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on JKHY. StockNews.com lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Wells Fargo & Company began coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price target on the stock. Finally, William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $186.80.
View Our Latest Report on JKHY
Jack Henry & Associates Trading Up 4.2 %
Shares of Jack Henry & Associates stock traded up $7.77 on Friday, hitting $191.28. 1,300,701 shares of the company's stock traded hands, compared to its average volume of 632,634. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $193.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The company has a fifty day moving average of $173.45 and a two-hundred day moving average of $175.61. The company has a market capitalization of $13.94 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 3.36 and a beta of 0.61.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (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%. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.
Jack Henry & Associates Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.21%. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio is presently 41.88%.
Jack Henry & Associates Profile
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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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