Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,811,373 shares of the technology company’s stock after purchasing an additional 157,360 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Jack Henry & Associates worth $1,544,634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in JKHY. Cerity Partners LLC boosted its stake in Jack Henry & Associates by 29.0% in the 3rd quarter. Cerity Partners LLC now owns 6,236 shares of the technology company’s stock worth $1,101,000 after buying an additional 1,403 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Jack Henry & Associates by 13.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,953 shares of the technology company’s stock worth $1,581,000 after acquiring an additional 1,031 shares during the period. Fisher Asset Management LLC boosted its position in shares of Jack Henry & Associates by 1.3% in the third quarter. Fisher Asset Management LLC now owns 7,331 shares of the technology company’s stock worth $1,294,000 after acquiring an additional 95 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Jack Henry & Associates in the third quarter valued at approximately $860,000. Finally, Bank of Montreal Can grew its holdings in Jack Henry & Associates by 3.9% in the third quarter. Bank of Montreal Can now owns 137,237 shares of the technology company’s stock valued at $24,152,000 after purchasing an additional 5,188 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $179.32 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 3.36 and a beta of 0.65. The business has a 50-day moving average of $174.54 and a 200-day moving average of $176.26.

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 return on equity of 21.55% and a net margin of 17.83%. On average, equities 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 declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.29%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 41.88%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JKHY. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and an average price target of $186.80.

About Jack Henry & Associates

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.