Asahi Life Asset Management CO. LTD. Invests $333,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Asahi Life Asset Management CO. LTD. acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,900 shares of the technology company’s stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in JKHY. Nordea Investment Management AB raised its stake in shares of Jack Henry & Associates by 50.8% during the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after purchasing an additional 263,021 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after acquiring an additional 131,515 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Jack Henry & Associates by 2,032.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock worth $22,540,000 after acquiring an additional 121,667 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Jack Henry & Associates by 49.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock worth $38,836,000 after acquiring an additional 72,760 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Jack Henry & Associates by 11.1% during the 4th quarter. Bank of New York Mellon Corp now owns 706,048 shares of the technology company’s stock worth $123,770,000 after acquiring an additional 70,540 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on JKHY shares. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. UBS Group boosted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods boosted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Finally, StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. 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’s stock. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY opened at $173.59 on Friday. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 31.33, a P/E/G ratio of 3.36 and a beta of 0.61. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s fifty day moving average price is $172.99 and its two-hundred day moving average price is $175.03.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (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%. On average, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.58 per share. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio is 41.88%.

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.