Van ECK Associates Corp Has $11.11 Million Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Van ECK Associates Corp raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 29.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,354 shares of the technology company's stock after purchasing an additional 14,435 shares during the quarter. Van ECK Associates Corp owned 0.09% of Jack Henry & Associates worth $11,106,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of JKHY. V Square Quantitative Management LLC increased its position in shares of Jack Henry & Associates by 3.6% in the third quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company's stock valued at $277,000 after acquiring an additional 54 shares during the last quarter. Bridges Investment Management Inc. increased its position in shares of Jack Henry & Associates by 1.7% in the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company's stock valued at $575,000 after acquiring an additional 55 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of 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 acquiring an additional 61 shares during the last quarter. Townsquare Capital LLC increased its position in shares of Jack Henry & Associates by 0.7% in the third quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company's stock valued at $1,695,000 after acquiring an additional 67 shares during the last quarter. Finally, Willis Investment Counsel increased its position in shares of Jack Henry & Associates by 1.9% in the fourth quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock valued at $640,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Wall Street Analyst Weigh In

JKHY has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a report on Thursday, November 7th. UBS Group lifted their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Royal Bank of Canada lifted their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a "sector perform" rating in a report on Thursday, November 7th. StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company initiated coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price target for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $186.80.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY traded up $1.34 during trading on Thursday, reaching $168.70. 369,953 shares of the stock were exchanged, compared to its average volume of 589,286. 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 firm has a market cap of $12.30 billion, a PE ratio of 30.45, a PEG ratio of 3.34 and a beta of 0.61. The stock has a 50-day moving average price of $173.82 and a 200-day moving average price of $174.78. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued 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 net margin of 17.83% and a return on equity of 21.55%. Research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.58 per share. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates's payout ratio is currently 39.71%.

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.