Brown Brothers Harriman & Co. Purchases 314 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Brown Brothers Harriman & Co. boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 603.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 366 shares of the technology company’s stock after acquiring an additional 314 shares during the period. Brown Brothers Harriman & Co.’s holdings in Jack Henry & Associates were worth $64,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Jack Henry & Associates by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company’s stock valued at $1,544,634,000 after purchasing an additional 157,360 shares during the last quarter. State Street Corp lifted its holdings in Jack Henry & Associates by 1.7% in the third quarter. State Street Corp now owns 3,976,658 shares of the technology company’s stock valued at $702,039,000 after buying an additional 67,716 shares during the period. JPMorgan Chase & Co. boosted its stake in 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 during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Jack Henry & Associates by 95.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company’s stock valued at $229,057,000 after acquiring an additional 643,697 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Jack Henry & Associates by 7.1% during the 4th quarter. Handelsbanken Fonder AB now owns 925,400 shares of the technology company’s stock worth $162,223,000 after acquiring an additional 61,600 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. The Goldman Sachs Group raised Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price objective for the company in a research note on Wednesday. Wells Fargo & Company initiated coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price for the company. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $186.45.

Jack Henry & Associates Stock Up 0.0 %

Jack Henry & Associates stock opened at $184.11 on Thursday. The company has a 50 day moving average of $175.24 and a 200-day moving average of $176.49. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00. The stock has a market capitalization of $13.42 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65.

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

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were paid a $0.58 dividend. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.26%. Jack Henry & Associates’s 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.