Zions Bancorporation N.A. Buys 2,041 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Zions Bancorporation N.A. increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 23.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,709 shares of the technology company’s stock after purchasing an additional 2,041 shares during the period. Zions Bancorporation N.A.’s holdings in Jack Henry & Associates were worth $1,877,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Fortitude Family Office LLC raised its position 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 worth $25,000 after acquiring an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Jack Henry & Associates in the third quarter worth about $26,000. National Pension Service bought a new stake in Jack Henry & Associates during the 4th quarter worth about $27,000. ORG Partners LLC acquired a new position in Jack Henry & Associates during the 4th quarter valued at about $35,000. Finally, Atala Financial Inc bought a new position in shares of Jack Henry & Associates in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on JKHY shares. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company initiated coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price on the stock. One 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 MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Stock Up 1.1 %

Jack Henry & Associates stock opened at $174.78 on Wednesday. The company has a 50 day moving average of $174.26 and a 200-day moving average of $176.22. 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 $12.74 billion, a PE ratio of 31.55, 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 1.33%. Jack Henry & Associates’s 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.