Thrivent Financial for Lutherans Purchases 105,000 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Thrivent Financial for Lutherans grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 110.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 200,093 shares of the technology company’s stock after acquiring an additional 105,000 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Jack Henry & Associates were worth $35,080,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of JKHY. Fortitude Family Office LLC lifted 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 worth $25,000 after purchasing an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Jack Henry & Associates in the 3rd quarter valued at $26,000. National Pension Service bought a new position in shares of Jack Henry & Associates during the 4th quarter worth about $27,000. ORG Partners LLC acquired a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $35,000. Finally, Atala Financial Inc bought a new stake in Jack Henry & Associates in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Northcoast Research cut Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $175.30 on Friday. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $174.20 and its 200-day moving average is $176.16. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.58 per share. 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 1.32%. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates’s 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.