Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 925,400 shares of the technology company’s stock after buying an additional 61,600 shares during the quarter. Jack Henry & Associates comprises about 0.6% of Handelsbanken Fonder AB’s holdings, making the stock its 22nd biggest position. Handelsbanken Fonder AB’s holdings in Jack Henry & Associates were worth $162,223,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Fortitude Family Office LLC lifted its holdings in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after purchasing an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Jack Henry & Associates during the 3rd quarter worth about $26,000. ORG Partners LLC purchased a new stake in Jack Henry & Associates during the fourth quarter valued at about $35,000. Manchester Capital Management LLC boosted its holdings in shares of 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 worth $42,000 after buying an additional 235 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Jack Henry & Associates in the third quarter worth about $48,000. 98.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Stephens restated an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday. Wells Fargo & Company started coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target on the stock. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada raised their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates Stock Down 0.3 %

Shares of Jack Henry & Associates stock opened at $167.28 on Thursday. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 30.19, a P/E/G ratio of 3.31 and a beta of 0.61. The stock has a 50-day simple moving average of $173.82 and a 200-day simple moving average of $174.78. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $189.63. 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 posted 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 net margin of 17.83% and a return on equity of 21.55%. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share 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. Shareholders of record on Thursday, March 6th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.39%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio is presently 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.