Ameriprise Financial Inc. Increases Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Ameriprise Financial Inc. grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 212,012 shares of the technology company's stock after purchasing an additional 13,462 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.29% of Jack Henry & Associates worth $37,156,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in Jack Henry & Associates during the 4th quarter worth approximately $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Jack Henry & Associates by 95.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock valued at $229,057,000 after purchasing an additional 643,697 shares during the period. Invesco Ltd. lifted its stake in shares of Jack Henry & Associates by 29.9% in the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after purchasing an additional 471,507 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Jack Henry & Associates by 406.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 348,447 shares of the technology company's stock worth $61,083,000 after acquiring an additional 279,628 shares during the period. Finally, Norges Bank acquired a new position in Jack Henry & Associates during the fourth quarter worth $48,834,000. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Up 1.1%

JKHY stock traded up $2.04 during mid-day trading on Friday, hitting $182.67. 650,553 shares of the company were exchanged, compared to its average volume of 563,212. The business has a fifty day simple moving average of $174.83 and a 200-day simple moving average of $174.93. 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 12-month low of $157.00 and a 12-month high of $196.00. The firm has a market capitalization of $13.30 billion, a P/E ratio of 32.97, a PEG ratio of 3.36 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The business had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. During the same quarter last year, the firm posted $1.19 earnings per share. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, May 29th. Jack Henry & Associates's payout ratio is 39.52%.

Wall Street Analyst Weigh In

JKHY has been the subject of a number of research reports. StockNews.com raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. UBS Group dropped their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $184.10.

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.