Handelsbanken Fonder AB Increases Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Handelsbanken Fonder AB boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 925,400 shares of the technology company’s stock after acquiring an additional 61,600 shares during the period. Jack Henry & Associates comprises approximately 0.6% of Handelsbanken Fonder AB’s holdings, making the stock its 22nd biggest holding. Handelsbanken Fonder AB owned 1.27% of Jack Henry & Associates worth $162,223,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JKHY. Nordea Investment Management AB increased its stake in 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 during the last quarter. JPMorgan Chase & Co. grew its holdings in 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 valued at $316,326,000 after buying an additional 131,515 shares during the period. Benjamin Edwards Inc. increased its stake in shares of 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 acquiring an additional 121,667 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Jack Henry & Associates by 80.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 207,757 shares of the technology company’s stock worth $36,677,000 after acquiring an additional 92,359 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Jack Henry & Associates by 49.4% in the third quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock worth $38,836,000 after acquiring an additional 72,760 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on JKHY shares. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday. UBS Group boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods upped their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, 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 on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $167.28 on Thursday. The company has a 50-day moving average price of $173.82 and a two-hundred day moving average price of $174.78. The stock has a market cap of $12.19 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 3.31 and a beta of 0.61. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. 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 released its 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 net margin of 17.83% and a return on equity of 21.55%. Analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently declared 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 is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 41.88%.

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.