Baird Financial Group Inc. Has $70.90 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Baird Financial Group Inc. lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 404,447 shares of the technology company's stock after selling 35,935 shares during the quarter. Baird Financial Group Inc. owned approximately 0.55% of Jack Henry & Associates worth $70,900,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position 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 purchasing an additional 131,515 shares in the last quarter. Enterprise Financial Services Corp purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at $900,000. Cobblestone Capital Advisors LLC NY grew its holdings in shares of Jack Henry & Associates by 21.4% during the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company's stock valued at $21,348,000 after acquiring an additional 21,466 shares in the last quarter. Andra AP fonden increased its stake in shares of Jack Henry & Associates by 10.7% in the fourth quarter. Andra AP fonden now owns 29,900 shares of the technology company's stock worth $5,241,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Jack Henry & Associates by 50.8% during 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. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

Shares of JKHY stock traded down $0.45 during trading hours on Wednesday, reaching $171.57. 1,761,411 shares of the company's stock were exchanged, compared to its average volume of 555,415. The business has a fifty day moving average price of $175.08 and a 200-day moving average price of $175.15. The stock has a market capitalization of $12.51 billion, a P/E ratio of 30.97, a P/E/G ratio of 3.36 and a beta of 0.75. 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 fifty-two week low of $157.00 and a fifty-two week high of $196.00.

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

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were given a dividend of $0.58 per share. The ex-dividend date was Thursday, March 6th. This is a boost 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 1.35%. Jack Henry & Associates's payout ratio is currently 41.88%.

Analyst Upgrades and Downgrades

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