Zurcher Kantonalbank Zurich Cantonalbank Acquires 4,348 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,716 shares of the technology company’s stock after purchasing an additional 4,348 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Jack Henry & Associates were worth $5,560,000 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 JKHY. Entropy Technologies LP acquired a new stake in Jack Henry & Associates in the 3rd quarter worth $301,000. GSA Capital Partners LLP lifted its stake in shares of Jack Henry & Associates by 95.4% in the third quarter. GSA Capital Partners LLP now owns 6,602 shares of the technology company’s stock valued at $1,166,000 after buying an additional 3,224 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Jack Henry & Associates by 5.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 172,675 shares of the technology company’s stock valued at $30,484,000 after buying an additional 9,537 shares during the period. Victory Capital Management Inc. grew its position in Jack Henry & Associates by 4.9% during the third quarter. Victory Capital Management Inc. now owns 70,850 shares of the technology company’s stock worth $12,508,000 after buying an additional 3,314 shares in the last quarter. Finally, Huntington National Bank increased its stake in Jack Henry & Associates by 20.9% during the third quarter. Huntington National Bank now owns 451 shares of the technology company’s stock valued at $80,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $175.83 on Friday. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 31.74, a P/E/G ratio of 3.36 and a beta of 0.65. The firm’s 50-day moving average price is $173.83 and its two-hundred day moving average price is $176.05. 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, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly 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 net margin of 17.83% and a return on equity of 21.55%. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently declared 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 an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.32%. Jack Henry & Associates’s dividend payout ratio is 41.88%.

Wall Street Analyst Weigh In

A number of brokerages have commented on JKHY. Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.