Alberta Investment Management Corp Buys Shares of 24,200 Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Alberta Investment Management Corp purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,200 shares of the technology company’s stock, valued at approximately $4,242,000.

Several other institutional investors have also recently made changes to their positions in the company. Bridges Investment Management Inc. boosted its stake in Jack Henry & Associates by 1.7% during the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock worth $575,000 after buying an additional 55 shares during the period. D.A. Davidson & CO. boosted its position in shares of Jack Henry & Associates by 1.2% during the 3rd quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock worth $877,000 after purchasing an additional 61 shares during the period. Townsquare Capital LLC increased its holdings in Jack Henry & Associates by 0.7% in the 3rd quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company’s stock valued at $1,695,000 after purchasing an additional 67 shares during the last quarter. Willis Investment Counsel increased its holdings in Jack Henry & Associates by 1.9% in the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company’s stock valued at $640,000 after purchasing an additional 68 shares during the last quarter. Finally, Huntington National Bank raised its position in Jack Henry & Associates by 20.9% in the third quarter. Huntington National Bank now owns 451 shares of the technology company’s stock valued at $80,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

JKHY has been the subject of several research analyst reports. 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. Royal Bank of Canada raised their target price 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. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods increased their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Finally, UBS Group lifted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates Trading Up 0.8 %

Shares of Jack Henry & Associates stock opened at $168.70 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $173.58 and a 200-day simple moving average of $174.74. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 3.34 and a beta of 0.61. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share (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%. On average, 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 dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Thursday, March 6th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 39.71%.

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.