Geode Capital Management LLC Buys 24,709 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Geode Capital Management LLC increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,990,506 shares of the technology company’s stock after purchasing an additional 24,709 shares during the period. Geode Capital Management LLC owned approximately 2.73% of Jack Henry & Associates worth $349,796,000 as of its most recent filing with the Securities and Exchange Commission.

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

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $172.62 on Friday. The company has a market capitalization of $12.58 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00. The stock has a fifty day simple moving average of $175.42 and a 200 day simple moving average of $176.52. 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 posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 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%. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed 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 is a boost 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%. Jack Henry & Associates’s dividend payout ratio is 41.88%.

Analyst Upgrades and Downgrades

JKHY has been the subject of several recent analyst reports. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. Finally, The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price objective on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $186.45.

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.