Jack Henry & Associates, Inc. (NASDAQ:JKHY) Position Increased by Global Retirement Partners LLC

Global Retirement Partners LLC raised its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 23.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,071 shares of the technology company’s stock after buying an additional 391 shares during the period. Global Retirement Partners LLC’s holdings in Jack Henry & Associates were worth $363,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of JKHY. Blue Trust Inc. lifted its holdings in shares of Jack Henry & Associates by 159.4% during the third quarter. Blue Trust Inc. now owns 581 shares of the technology company’s stock valued at $96,000 after purchasing an additional 357 shares during the last quarter. Signaturefd LLC raised its holdings in Jack Henry & Associates by 13.0% during the 3rd quarter. Signaturefd LLC now owns 1,090 shares of the technology company’s stock worth $192,000 after buying an additional 125 shares during the period. Private Advisor Group LLC lifted its stake in Jack Henry & Associates by 5.6% during the third quarter. Private Advisor Group LLC now owns 4,912 shares of the technology company’s stock valued at $867,000 after buying an additional 259 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Jack Henry & Associates by 42.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,783 shares of the technology company’s stock worth $1,018,000 after buying an additional 1,726 shares during the period. Finally, Forsta AP Fonden increased its position in shares of Jack Henry & Associates by 2.7% in the third quarter. Forsta AP Fonden now owns 11,300 shares of the technology company’s stock worth $1,995,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 0.9 %

Shares of NASDAQ JKHY opened at $172.61 on Tuesday. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 3.36 and a beta of 0.61. The business has a 50 day simple moving average of $173.30 and a 200 day simple moving average of $174.95. 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, Inc. has a 52 week low of $157.00 and a 52 week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last announced 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%. On average, research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share 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. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.58 per share. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is 41.88%.

Analysts Set New Price Targets

JKHY has been the subject of several research analyst reports. UBS Group upped their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company started coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company. Keefe, Bruyette & Woods lifted their price target 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. Stephens reissued an “equal weight” rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Finally, William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates 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.