Zurcher Kantonalbank Zurich Cantonalbank Purchases 4,348 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 15.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,716 shares of the technology company's stock after acquiring an additional 4,348 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Jack Henry & Associates were worth $5,560,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. D.A. Davidson & CO. increased its holdings in shares of Jack Henry & Associates by 1.2% in the 3rd quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company's stock valued at $877,000 after purchasing an additional 61 shares during the period. Townsquare Capital LLC grew its position 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 valued at $1,695,000 after purchasing an additional 67 shares in the last quarter. Willis Investment Counsel increased its stake in Jack Henry & Associates by 1.9% in the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock valued at $640,000 after buying an additional 68 shares during the period. Torray Investment Partners LLC lifted its position in Jack Henry & Associates by 0.7% in the 4th quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock worth $1,831,000 after buying an additional 76 shares in the last quarter. Finally, Huntington National Bank boosted its stake in shares of Jack Henry & Associates by 20.9% during the 3rd quarter. Huntington National Bank now owns 451 shares of the technology company's stock valued at $80,000 after buying an additional 78 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

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Jack Henry & Associates Stock Performance

Jack Henry & Associates stock traded down $0.49 on Tuesday, reaching $176.70. 547,188 shares of the stock were exchanged, compared to its average volume of 498,047. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00. The firm has a fifty day moving average price of $173.98 and a two-hundred day moving average price of $176.14. The stock has a market cap of $12.88 billion, a PE ratio of 31.90, a PEG ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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%. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business 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 is Thursday, March 6th. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a yield of 1.31%. Jack Henry & Associates's dividend payout ratio is 41.88%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JKHY. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price target on the stock. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. StockNews.com lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Finally, Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.