Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 320.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,597 shares of the technology company’s stock after purchasing an additional 5,790 shares during the period. iA Global Asset Management Inc.’s holdings in Jack Henry & Associates were worth $1,332,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Intech Investment Management LLC increased its holdings in shares of Jack Henry & Associates by 110.2% during the 4th quarter. Intech Investment Management LLC now owns 31,257 shares of the technology company’s stock worth $5,479,000 after buying an additional 16,390 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in Jack Henry & Associates during the 4th quarter worth $3,140,000. 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 worth $35,080,000 after purchasing an additional 105,000 shares during the period. Signaturefd LLC boosted its position in Jack Henry & Associates by 41.4% during the 4th quarter. Signaturefd LLC now owns 1,541 shares of the technology company’s stock worth $270,000 after purchasing an additional 451 shares during the period. Finally, Parallel Advisors LLC boosted its position in Jack Henry & Associates by 33.6% during the 4th quarter. Parallel Advisors LLC now owns 4,255 shares of the technology company’s stock worth $746,000 after purchasing an additional 1,070 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JKHY. Wells Fargo & Company began 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. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Stock Down 1.3 %

Shares of Jack Henry & Associates stock opened at $173.05 on Friday. The business has a 50-day moving average of $174.22 and a 200-day moving average of $176.16. 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 company has a market capitalization of $12.61 billion, a PE ratio of 31.24, a P/E/G ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results 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%. As a group, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.34%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio (DPR) 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.