Globeflex Capital L P Raises Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Globeflex Capital L P boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 227.4% in the 4th quarter, HoldingsChannel reports. The fund owned 28,781 shares of the technology company’s stock after buying an additional 19,990 shares during the quarter. Globeflex Capital L P’s holdings in Jack Henry & Associates were worth $5,045,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JKHY. Raymond James Financial Inc. purchased a new stake in Jack Henry & Associates during the 4th quarter valued at about $132,817,000. Nordea Investment Management AB boosted its holdings in Jack Henry & Associates by 50.8% during the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after acquiring an additional 263,021 shares during the period. JPMorgan Chase & Co. raised its position in 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 valued at $316,326,000 after purchasing an additional 131,515 shares during the last quarter. Benjamin Edwards Inc. raised its position in Jack Henry & Associates by 2,032.2% during 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 raised its position in Jack Henry & Associates by 49.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock valued at $38,836,000 after purchasing an additional 72,760 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JKHY has been the subject of a number of recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Wells Fargo & Company started coverage on 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 lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Finally, StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Stock Up 0.3 %

JKHY stock opened at $175.83 on Friday. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm has a market cap of $12.82 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. The business has a 50 day moving average of $173.83 and a 200 day moving average of $176.05.

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

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders 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 an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 41.88%.

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.