Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Position Boosted by Zions Bancorporation N.A.

Zions Bancorporation N.A. raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,709 shares of the technology company's stock after buying an additional 2,041 shares during the period. Zions Bancorporation N.A.'s holdings in Jack Henry & Associates were worth $1,877,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. ICW Investment Advisors LLC grew its position in shares of Jack Henry & Associates by 2.0% during the fourth quarter. ICW Investment Advisors LLC now owns 7,162 shares of the technology company's stock worth $1,256,000 after buying an additional 142 shares in the last quarter. Vanguard Group Inc. boosted its stake in 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 valued at $1,544,634,000 after acquiring an additional 157,360 shares during the last quarter. LPL Financial LLC grew its holdings in Jack Henry & Associates by 26.1% during the 4th quarter. LPL Financial LLC now owns 79,693 shares of the technology company's stock worth $13,947,000 after acquiring an additional 16,514 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $4,453,000. Finally, American Century Companies Inc. raised its stake in shares of Jack Henry & Associates by 63.1% in the 4th quarter. American Century Companies Inc. now owns 39,031 shares of the technology company's stock valued at $6,842,000 after purchasing an additional 15,106 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company initiated coverage on 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $186.80.

Jack Henry & Associates Stock Performance

NASDAQ JKHY traded down $0.73 during trading hours on Friday, hitting $178.59. The company had a trading volume of 327,587 shares, compared to its average volume of 518,254. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm has a market cap of $13.02 billion, a P/E ratio of 32.24, a price-to-earnings-growth 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 business has a fifty day simple moving average of $174.65 and a 200-day simple moving average of $176.32.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Equities analysts predict 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 was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, March 6th. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's payout ratio is 41.88%.

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.