Brown Brothers Harriman & Co. Buys 314 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Brown Brothers Harriman & Co. raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 603.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 366 shares of the technology company’s stock after purchasing an additional 314 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Jack Henry & Associates were worth $64,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased 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 valued at $316,326,000 after acquiring an additional 131,515 shares during the period. Enterprise Financial Services Corp acquired a new stake in shares of Jack Henry & Associates during the 4th quarter worth approximately $900,000. Andra AP fonden increased its position in shares of Jack Henry & Associates by 10.7% during the fourth quarter. Andra AP fonden now owns 29,900 shares of the technology company’s stock valued at $5,241,000 after purchasing an additional 2,900 shares during the period. Nordea Investment Management AB raised its stake in shares of Jack Henry & Associates by 50.8% in the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after purchasing an additional 263,021 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY lifted its position in Jack Henry & Associates by 21.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company’s stock worth $21,348,000 after purchasing an additional 21,466 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 0.0 %

JKHY stock opened at $184.11 on Thursday. The business has a fifty day moving average price of $175.24 and a 200 day moving average price of $176.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The stock has a market capitalization of $13.42 billion, a price-to-earnings ratio of 33.23, a P/E/G ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results 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%. Analysts expect 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 was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were paid a $0.58 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.26%. Jack Henry & Associates’s payout ratio is currently 41.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on JKHY shares. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. The Goldman Sachs Group raised shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price target for the company in a research report on Wednesday. Finally, Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $186.45.

Jack Henry & Associates Company 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.