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

Barclays PLC increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 198,158 shares of the technology company's stock after purchasing an additional 19,581 shares during the quarter. Barclays PLC owned 0.27% of Jack Henry & Associates worth $34,737,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of JKHY. Raymond James Financial Inc. purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in 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 last quarter. Invesco Ltd. lifted its holdings in 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 in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Jack Henry & Associates by 406.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 348,447 shares of the technology company's stock worth $61,083,000 after purchasing an additional 279,628 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $48,834,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JKHY has been the topic of several recent analyst reports. The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a research note on Wednesday, April 2nd. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective on the stock. Finally, Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $186.45.

Jack Henry & Associates Trading Up 1.0 %

JKHY stock traded up $1.76 during midday trading on Wednesday, reaching $174.44. 103,210 shares of the company's stock traded hands, compared to its average volume of 537,514. 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 business has a 50-day moving average price of $174.56 and a two-hundred day moving average price of $175.94. The company has a market capitalization of $12.72 billion, a P/E ratio of 31.49, a PEG ratio of 3.36 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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%. Equities research analysts forecast 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. Stockholders of record on Thursday, March 6th were paid a $0.58 dividend. The ex-dividend date was Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio (DPR) is 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.