Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Andra AP fonden

Andra AP fonden lifted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.7% during the fourth quarter, Holdings Channel reports. The firm owned 29,900 shares of the technology company’s stock after buying an additional 2,900 shares during the period. Andra AP fonden’s holdings in Jack Henry & Associates were worth $5,241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in JKHY. Raymond James Financial Inc. bought a new position in Jack Henry & Associates during the 4th quarter worth $132,817,000. Nordea Investment Management AB boosted its holdings in shares of 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 valued at $136,720,000 after acquiring an additional 263,021 shares during the period. JPMorgan Chase & Co. grew its position in shares of Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after acquiring an additional 131,515 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of Jack Henry & Associates by 2,032.2% during the third quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock worth $22,540,000 after acquiring an additional 121,667 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Jack Henry & Associates by 49.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock worth $38,836,000 after acquiring an additional 72,760 shares during the period. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

JKHY has been the subject of a number of analyst reports. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price for the company. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Stock Up 4.2 %

JKHY opened at $191.28 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $13.94 billion, a PE ratio of 34.53, a P/E/G ratio of 3.36 and a beta of 0.65. The stock’s fifty day moving average is $173.45 and its 200-day moving average is $175.69. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $193.02.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (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, equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be paid a dividend of $0.58 per share. The ex-dividend date is Thursday, March 6th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.21%. Jack Henry & Associates’s dividend payout ratio is currently 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.