KLP Kapitalforvaltning AS Acquires Shares of 25,400 Jack Henry & Associates, Inc. (NASDAQ:JKHY)

KLP Kapitalforvaltning AS bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 25,400 shares of the technology company’s stock, valued at approximately $4,453,000.

Other large investors have also recently modified their holdings of the company. Fortitude Family Office LLC lifted its holdings in Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Jack Henry & Associates during the third quarter valued at approximately $26,000. National Pension Service purchased a new stake in Jack Henry & Associates in the fourth quarter worth $27,000. ORG Partners LLC bought a new position in Jack Henry & Associates in the fourth quarter worth $35,000. Finally, Atala Financial Inc purchased a new position in Jack Henry & Associates during the fourth quarter valued at $40,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 1.1 %

JKHY opened at $174.78 on Wednesday. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 3.36 and a beta of 0.65. The firm has a 50 day moving average price of $174.26 and a 200-day moving average price of $176.22. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00. 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 (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 the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Equities research analysts forecast 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 was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.33%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio is presently 41.88%.

Analyst Ratings Changes

JKHY has been the subject of several research reports. Wells Fargo & Company began 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 target for the company. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. Finally, William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and a consensus target price 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.