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

Intech Investment Management LLC lifted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 110.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,257 shares of the technology company’s stock after acquiring 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 SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Jack Henry & Associates during the 4th quarter valued at approximately $132,817,000. Nordea Investment Management AB boosted its position in 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 valued at $136,720,000 after purchasing an additional 263,021 shares during the period. JPMorgan Chase & Co. boosted its position in 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 valued at $316,326,000 after purchasing an additional 131,515 shares during the period. Benjamin Edwards Inc. boosted its position in 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 valued at $22,540,000 after purchasing an additional 121,667 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in Jack Henry & Associates by 110.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 200,093 shares of the technology company’s stock valued at $35,080,000 after purchasing an additional 105,000 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on JKHY. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Wells Fargo & Company began coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target for the company. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Stock Down 0.3 %

Shares of Jack Henry & Associates stock opened at $176.70 on Wednesday. The stock’s fifty day moving average is $174.09 and its 200-day moving average is $176.16. The firm has a market capitalization of $12.88 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. 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, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) 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%. Equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share 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 given a dividend of $0.58 per share. The ex-dividend date is Thursday, March 6th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.31%. Jack Henry & Associates’s payout ratio is 41.88%.

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.