Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.3% during the fourth quarter, HoldingsChannel reports. The firm owned 9,608 shares of the technology company’s stock after acquiring an additional 655 shares during the period. Daiwa Securities Group Inc.’s holdings in Jack Henry & Associates were worth $1,684,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Jack Henry & Associates during the 4th quarter worth $132,817,000. Nordea Investment Management AB increased its position in Jack Henry & Associates by 50.8% during the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after purchasing an additional 263,021 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after purchasing an additional 131,515 shares during the period. Benjamin Edwards Inc. boosted its holdings in Jack Henry & Associates by 2,032.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock valued at $22,540,000 after purchasing an additional 121,667 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Jack Henry & Associates by 49.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock valued at $38,836,000 after buying an additional 72,760 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Up 0.3 %

Shares of JKHY stock opened at $175.83 on Friday. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The company has a 50 day moving average price of $173.83 and a 200 day moving average price of $176.05. The stock has a market capitalization of $12.82 billion, a P/E ratio of 31.74, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.32%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates’s payout ratio is presently 41.88%.

Wall Street Analysts Forecast Growth

JKHY has been the topic of several analyst reports. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Wells Fargo & Company started coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target on the stock. Finally, William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $186.80.

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.