Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Davis R M Inc.

Davis R M Inc. grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.9% during the 4th quarter, HoldingsChannel reports. The firm owned 78,035 shares of the technology company’s stock after buying an additional 698 shares during the period. Davis R M Inc.’s holdings in Jack Henry & Associates were worth $13,680,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Jack Henry & Associates by 1.7% during the 3rd quarter. State Street Corp now owns 3,976,658 shares of the technology company’s stock worth $702,039,000 after purchasing an additional 67,716 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after purchasing an additional 131,515 shares during the last quarter. Handelsbanken Fonder AB boosted its stake 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 purchasing an additional 61,600 shares during the last quarter. Nordea Investment Management AB boosted its stake 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 worth $136,720,000 after purchasing an additional 263,021 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Jack Henry & Associates during the 4th quarter worth $132,817,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.6 %

NASDAQ JKHY opened at $190.15 on Tuesday. The firm’s 50-day moving average is $173.75 and its two-hundred day moving average is $175.94. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00. 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 stock has a market capitalization of $13.86 billion, a P/E ratio of 34.32, a PEG ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly 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 return on equity of 21.55% and a net margin of 17.83%. On average, sell-side analysts anticipate 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 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 is Thursday, March 6th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a yield of 1.22%. Jack Henry & Associates’s dividend payout ratio is 41.88%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $186.80.

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.