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

Vanguard Group Inc. increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,811,373 shares of the technology company’s stock after purchasing an additional 157,360 shares during the period. Vanguard Group Inc. owned approximately 12.08% of Jack Henry & Associates worth $1,544,634,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in JKHY. Fortitude Family Office LLC raised its stake in shares of Jack Henry & Associates by 647.4% during the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Jack Henry & Associates during the third quarter worth $26,000. National Pension Service purchased a new position in Jack Henry & Associates in the fourth quarter worth $27,000. ORG Partners LLC purchased a new position in Jack Henry & Associates in the fourth quarter worth $35,000. Finally, Atala Financial Inc acquired a new stake in Jack Henry & Associates in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

JKHY has been the subject of a number of research analyst reports. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Finally, Wells Fargo & Company assumed coverage on shares of 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Trading Down 0.0 %

Shares of Jack Henry & Associates stock opened at $179.32 on Friday. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00. 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 business has a 50 day moving average price of $174.54 and a 200 day moving average price of $176.26. The company has a market capitalization of $13.07 billion, a P/E ratio of 32.37, a P/E/G ratio of 3.36 and a beta of 0.65.

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%. Sell-side 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 announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were issued a $0.58 dividend. 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 was Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio is 41.88%.

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.