AQR Capital Management LLC Boosts Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

AQR Capital Management LLC lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 363.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,136 shares of the technology company's stock after acquiring an additional 136,579 shares during the period. AQR Capital Management LLC owned 0.24% of Jack Henry & Associates worth $30,526,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC raised its stake in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock worth $25,000 after purchasing an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Jack Henry & Associates during the 3rd quarter worth $26,000. National Pension Service acquired a new stake in shares of Jack Henry & Associates in the 4th quarter worth $27,000. ORG Partners LLC acquired a new position in shares of Jack Henry & Associates during the fourth quarter worth about $35,000. Finally, Atala Financial Inc acquired a new position in shares of Jack Henry & Associates during the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Down 0.3 %

NASDAQ:JKHY traded down $0.45 on Wednesday, reaching $171.57. The stock had a trading volume of 1,761,411 shares, compared to its average volume of 555,499. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The company has a market cap of $12.51 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 3.36 and a beta of 0.75. The firm's fifty day moving average is $175.12 and its two-hundred day moving average is $175.18. 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 (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.23. The business had revenue of $585.09 million for the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 earnings per share. Equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were given a dividend of $0.58 per share. 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 annualized dividend and a yield of 1.35%. Jack Henry & Associates's dividend payout ratio is 41.88%.

Wall Street Analyst Weigh In

JKHY has been the topic of several research analyst reports. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a research report on Wednesday, April 2nd. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates has a consensus rating of "Hold" and a consensus price target of $185.30.

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.