Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Holdings Increased by Ethic Inc.

Ethic Inc. lifted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 24.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,578 shares of the technology company’s stock after acquiring an additional 1,108 shares during the period. Ethic Inc.’s holdings in Jack Henry & Associates were worth $978,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in JKHY. Franklin Resources Inc. grew its position in Jack Henry & Associates by 5.6% during the third quarter. Franklin Resources Inc. now owns 8,981 shares of the technology company’s stock valued at $1,655,000 after purchasing an additional 475 shares in the last quarter. JPMorgan Chase & Co. boosted 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 buying an additional 131,515 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Jack Henry & Associates by 5.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,442 shares of the technology company’s stock worth $1,314,000 after buying an additional 366 shares during the period. Czech National Bank boosted its holdings in shares of Jack Henry & Associates by 6.5% during the 4th quarter. Czech National Bank now owns 15,819 shares of the technology company’s stock worth $2,773,000 after buying an additional 969 shares during the period. Finally, Wedmont Private Capital raised its stake in Jack Henry & Associates by 7.2% during the 4th quarter. Wedmont Private Capital now owns 1,239 shares of the technology company’s stock valued at $213,000 after purchasing an additional 83 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Down 1.8%

NASDAQ:JKHY opened at $178.34 on Wednesday. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00. The stock has a 50-day moving average price of $175.27 and a two-hundred day moving average price of $174.96. The stock has a market cap of $13.00 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 3.36 and a beta of 0.75. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The company had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.30%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.52%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. UBS Group cut their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Wells Fargo & Company began 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. Keefe, Bruyette & Woods reduced their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a research note on Thursday, May 8th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and an average target price of $184.10.

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.