Jones Financial Companies Lllp Acquires 1,052 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Jones Financial Companies Lllp increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 19.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,577 shares of the technology company’s stock after buying an additional 1,052 shares during the period. Jones Financial Companies Lllp’s holdings in Jack Henry & Associates were worth $1,153,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of JKHY. Robeco Institutional Asset Management B.V. raised its stake in shares of Jack Henry & Associates by 19.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 44,333 shares of the technology company’s stock worth $7,827,000 after buying an additional 7,082 shares during the last quarter. Principal Financial Group Inc. increased its stake in Jack Henry & Associates by 21.1% in the third quarter. Principal Financial Group Inc. now owns 341,460 shares of the technology company’s stock valued at $60,281,000 after purchasing an additional 59,450 shares in the last quarter. Portside Wealth Group LLC increased its stake in Jack Henry & Associates by 6.9% in the third quarter. Portside Wealth Group LLC now owns 1,370 shares of the technology company’s stock valued at $242,000 after purchasing an additional 88 shares in the last quarter. Tandem Investment Advisors Inc. increased its stake in Jack Henry & Associates by 0.4% in the third quarter. Tandem Investment Advisors Inc. now owns 504,853 shares of the technology company’s stock valued at $89,127,000 after purchasing an additional 1,927 shares in the last quarter. Finally, Bridges Investment Management Inc. increased its stake in Jack Henry & Associates by 1.7% in the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock valued at $575,000 after purchasing an additional 55 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $191.28 on Friday. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $193.02. The firm has a fifty day simple moving average of $173.45 and a 200 day simple moving average of $175.61. The stock has a market capitalization of $13.94 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 3.36 and a beta of 0.61. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced 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%. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company 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 $0.58 dividend. The ex-dividend date is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.21%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 41.88%.

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.