BLI Banque de Luxembourg Investments Makes New $16.02 Million Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

BLI Banque de Luxembourg Investments purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 91,500 shares of the technology company's stock, valued at approximately $16,020,000. BLI Banque de Luxembourg Investments owned 0.13% of Jack Henry & Associates at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of JKHY. JPMorgan Chase & Co. lifted its stake in Jack Henry & Associates by 7.9% in 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 during the last quarter. Enterprise Financial Services Corp bought a new position in shares of Jack Henry & Associates in the fourth quarter worth $900,000. Cobblestone Capital Advisors LLC NY grew its position in shares of Jack Henry & Associates by 21.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company's stock valued at $21,348,000 after purchasing an additional 21,466 shares in the last quarter. Andra AP fonden raised its stake in shares of Jack Henry & Associates by 10.7% during the 4th quarter. Andra AP fonden now owns 29,900 shares of the technology company's stock valued at $5,241,000 after purchasing an additional 2,900 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Jack Henry & Associates by 50.8% during the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after purchasing an additional 263,021 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

Shares of JKHY stock traded down $0.15 during trading hours on Tuesday, hitting $172.12. 918,520 shares of the company's stock were exchanged, compared to its average volume of 550,676. The company has a market capitalization of $12.55 billion, a PE ratio of 31.07, a PEG ratio of 3.36 and a beta of 0.75. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The business's 50 day simple moving average is $175.12 and its 200-day simple moving average is $175.20. 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 (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.36 by $0.16. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. During the same quarter last year, the company posted $1.19 EPS. The business's revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared 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. This represents a $2.32 annualized dividend and a yield of 1.35%. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 6th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 41.88%.

Analysts Set New Price Targets

JKHY has been the subject of a number of recent analyst reports. 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. The Goldman Sachs Group raised shares of 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. Finally, Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $185.30.

Jack Henry & Associates 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.