Cobblestone Capital Advisors LLC NY Has $21.35 Million Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Cobblestone Capital Advisors LLC NY boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 21.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 121,782 shares of the technology company’s stock after acquiring an additional 21,466 shares during the quarter. Jack Henry & Associates makes up approximately 1.2% of Cobblestone Capital Advisors LLC NY’s investment portfolio, making the stock its 24th largest holding. Cobblestone Capital Advisors LLC NY’s holdings in Jack Henry & Associates were worth $21,348,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JKHY. Nordea Investment Management AB lifted its holdings in Jack Henry & Associates by 50.8% during 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 during the last quarter. JPMorgan Chase & Co. lifted 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 buying an additional 131,515 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of Jack Henry & Associates by 2,032.2% in the third quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock worth $22,540,000 after purchasing an additional 121,667 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Jack Henry & Associates by 49.4% in the third quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock worth $38,836,000 after purchasing an additional 72,760 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Jack Henry & Associates by 11.1% during the fourth quarter. Bank of New York Mellon Corp now owns 706,048 shares of the technology company’s stock worth $123,770,000 after acquiring an additional 70,540 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $173.59 on Friday. The company has a market cap of $12.65 billion, a P/E ratio of 31.33, a P/E/G ratio of 3.36 and a beta of 0.61. 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 business’s 50 day moving average price is $173.05 and its 200-day moving average price is $174.96. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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 predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current 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 given a dividend of $0.58 per share. 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 1.34%. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio is currently 41.88%.

Analyst Upgrades and Downgrades

Several research firms recently commented on JKHY. Keefe, Bruyette & Woods upped their price target 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 reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. UBS Group raised their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company started coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates 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.