Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 8,200 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 33.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 33,066 shares of the technology company’s stock after purchasing an additional 8,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Jack Henry & Associates were worth $5,796,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its stake in Jack Henry & Associates by 50.8% during the fourth 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 during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after buying an additional 131,515 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of Jack Henry & Associates by 2,032.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock worth $22,540,000 after buying an additional 121,667 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Jack Henry & Associates by 49.4% in the third quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock valued at $38,836,000 after buying an additional 72,760 shares in the last quarter. Finally, State Street Corp boosted its stake in Jack Henry & Associates by 1.7% in the third quarter. State Street Corp now owns 3,976,658 shares of the technology company’s stock valued at $702,039,000 after buying an additional 67,716 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods upped their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. UBS Group raised their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Finally, Stephens reiterated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Stock Up 0.9 %

Shares of JKHY opened at $172.61 on Tuesday. The stock’s 50-day moving average price is $173.30 and its two-hundred day moving average price is $174.95. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The company has a market capitalization of $12.58 billion, a PE ratio of 31.16, a PEG ratio of 3.36 and a beta of 0.61. 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 (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 EPS 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%. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be paid a $0.58 dividend. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio is currently 41.88%.

Jack Henry & Associates Company 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.