Metis Global Partners LLC Has $425,000 Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Metis Global Partners LLC boosted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.9% in the fourth quarter, Holdings Channel reports. The firm owned 2,425 shares of the technology company’s stock after purchasing an additional 91 shares during the quarter. Metis Global Partners LLC’s holdings in Jack Henry & Associates were worth $425,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC grew its position in Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after acquiring an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Jack Henry & Associates in the third quarter valued at about $26,000. National Pension Service bought a new position in Jack Henry & Associates in the fourth quarter valued at about $27,000. ORG Partners LLC bought a new position in Jack Henry & Associates in the fourth quarter valued at about $35,000. Finally, Manchester Capital Management LLC grew its position in Jack Henry & Associates by 11,750.0% in the fourth quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock valued at $42,000 after acquiring an additional 235 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price on the stock. UBS Group lifted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research 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, William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $177.63 on Thursday. The business’s 50 day simple moving average is $173.04 and its 200 day simple moving average is $175.37. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The stock has a market capitalization of $12.95 billion, a PE ratio of 32.06, a PEG ratio of 3.36 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.34 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%. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be issued a $0.58 dividend. The ex-dividend date is Thursday, March 6th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.31%. Jack Henry & Associates’s dividend payout ratio is presently 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.