Natixis Advisors L.P. Has $15.67 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Natixis Advisors L.P. grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 95,911 shares of the technology company’s stock after purchasing an additional 4,374 shares during the quarter. Natixis Advisors L.P.’s holdings in Jack Henry & Associates were worth $15,672,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Commonwealth Equity Services LLC raised its stake in Jack Henry & Associates by 3.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 8,572 shares of the technology company’s stock valued at $1,296,000 after purchasing an additional 249 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Jack Henry & Associates by 0.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 41,501 shares of the technology company’s stock valued at $6,273,000 after buying an additional 127 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of Jack Henry & Associates by 28.2% in the third quarter. Brown Advisory Inc. now owns 42,207 shares of the technology company’s stock valued at $6,379,000 after buying an additional 9,273 shares during the period. IFM Investors Pty Ltd grew its position in Jack Henry & Associates by 11.7% during the third quarter. IFM Investors Pty Ltd now owns 14,621 shares of the technology company’s stock worth $2,210,000 after buying an additional 1,531 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in Jack Henry & Associates during the third quarter worth about $823,000. 98.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on JKHY. Evercore ISI raised their price objective on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. Royal Bank of Canada raised their target price on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. Robert W. Baird boosted their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, April 20th. Finally, Wolfe Research initiated coverage on shares of Jack Henry & Associates in a research note on Thursday, March 7th. They issued a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $174.42.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $164.96 on Tuesday. Jack Henry & Associates, Inc. has a 1-year low of $136.57 and a 1-year high of $178.37. The firm’s 50-day moving average price is $169.33 and its two-hundred day moving average price is $164.08. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 32.28, a P/E/G ratio of 3.84 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The business had revenue of $545.70 million for the quarter, compared to analyst estimates of $540.34 million. During the same period in the prior year, the company earned $1.10 EPS. Jack Henry & Associates’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 5.12 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were paid a $0.55 dividend. The ex-dividend date was Thursday, March 7th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.33%. Jack Henry & Associates’s dividend payout ratio (DPR) is 43.05%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.