Mattern Capital Management LLC Increases Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mattern Capital Management LLC lifted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,616 shares of the technology company’s stock after purchasing an additional 1,535 shares during the quarter. Mattern Capital Management LLC owned about 0.07% of Jack Henry & Associates worth $8,698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of Jack Henry & Associates by 1.7% in the 3rd quarter. State Street Corp now owns 3,976,658 shares of the technology company’s stock worth $702,039,000 after purchasing an additional 67,716 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Jack Henry & Associates by 7.9% in the 3rd 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. Handelsbanken Fonder AB boosted its holdings in shares of Jack Henry & Associates by 7.1% in the 4th quarter. Handelsbanken Fonder AB now owns 925,400 shares of the technology company’s stock worth $162,223,000 after purchasing an additional 61,600 shares during the period. 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. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Jack Henry & Associates by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 610,742 shares of the technology company’s stock valued at $107,820,000 after acquiring an additional 2,324 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 0.8 %

Shares of NASDAQ JKHY opened at $168.70 on Friday. The firm has a market cap of $12.30 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 3.34 and a beta of 0.61. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63. The business has a fifty day simple moving average of $173.58 and a two-hundred day simple moving average of $174.74.

Jack Henry & Associates (NASDAQ:JKHY) last released 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 return on equity of 21.55% and a net margin of 17.83%. Analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share 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. 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 1.38%. 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 payout ratio is 39.71%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on JKHY shares. Stephens restated an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Wells Fargo & Company started coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective for the company. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Royal Bank of Canada boosted their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods boosted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. One research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $186.80.

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.