24,200 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Bought by Alberta Investment Management Corp

Alberta Investment Management Corp acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 24,200 shares of the technology company’s stock, valued at approximately $4,242,000.

A number of other large investors also recently bought and sold shares of JKHY. JPMorgan Chase & Co. boosted its holdings in shares of Jack Henry & Associates by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after acquiring an additional 131,515 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Jack Henry & Associates in the third quarter valued at about $618,000. Nordea Investment Management AB boosted its holdings in Jack Henry & Associates by 50.8% in the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after purchasing an additional 263,021 shares in the last quarter. Pensionfund Sabic acquired a new position in Jack Henry & Associates during the 4th quarter worth approximately $1,315,000. Finally, XTX Topco Ltd raised its stake in shares of Jack Henry & Associates by 137.3% during the 3rd quarter. XTX Topco Ltd now owns 7,761 shares of the technology company’s stock worth $1,370,000 after buying an additional 4,491 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on JKHY shares. Stephens reaffirmed an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods raised their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday. Finally, Royal Bank of Canada increased their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $168.70 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $12.30 billion, a PE ratio of 30.45, a P/E/G ratio of 3.34 and a beta of 0.61. The firm has a 50 day simple moving average of $173.58 and a 200-day simple moving average of $174.74. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last released 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 return on equity of 21.55% and a net margin of 17.83%. On average, equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.38%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 39.71%.

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.