Jack Henry & Associates, Inc. (NASDAQ:JKHY) Holdings Lifted by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 110.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,257 shares of the technology company’s stock after buying an additional 16,390 shares during the quarter. Intech Investment Management LLC’s holdings in Jack Henry & Associates were worth $5,479,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of JKHY. Victory Capital Management Inc. grew its holdings in shares of 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 valued at $12,508,000 after buying an additional 3,314 shares in the last quarter. Huntington National Bank grew its stake in Jack Henry & Associates by 20.9% in the third quarter. Huntington National Bank now owns 451 shares of the technology company’s stock valued at $80,000 after purchasing an additional 78 shares in the last quarter. CIBC Asset Management Inc grew its stake in Jack Henry & Associates by 2.8% in the third quarter. CIBC Asset Management Inc now owns 10,655 shares of the technology company’s stock valued at $1,881,000 after purchasing an additional 295 shares in the last quarter. Empowered Funds LLC grew its stake in Jack Henry & Associates by 2.0% in the third quarter. Empowered Funds LLC now owns 4,845 shares of the technology company’s stock valued at $855,000 after purchasing an additional 97 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Jack Henry & Associates by 14.1% in the third quarter. Thrivent Financial for Lutherans now owns 95,093 shares of the technology company’s stock valued at $16,787,000 after purchasing an additional 11,728 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $176.70 on Wednesday. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00. 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 stock has a market capitalization of $12.88 billion, a PE ratio of 31.90, a P/E/G ratio of 3.36 and a beta of 0.65. The stock has a 50-day simple moving average of $174.09 and a 200 day simple moving average of $176.16.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data 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%. Research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed 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 represents a $2.32 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is currently 41.88%.

Wall Street Analyst Weigh In

JKHY has been the topic of a number of recent research reports. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. 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. Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. Finally, StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently 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.