Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Purchased by Board of the Pension Protection Fund

Board of the Pension Protection Fund grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 51.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,600 shares of the technology company's stock after purchasing an additional 1,900 shares during the quarter. Jack Henry & Associates comprises approximately 1.2% of Board of the Pension Protection Fund's portfolio, making the stock its 14th largest holding. Board of the Pension Protection Fund's holdings in Jack Henry & Associates were worth $1,023,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. National Pension Service purchased a new stake in Jack Henry & Associates in the fourth quarter valued at $27,000. Atala Financial Inc purchased a new stake in Jack Henry & Associates during the 4th quarter worth approximately $40,000. Cary Street Partners Financial LLC acquired a new stake in Jack Henry & Associates during the 4th quarter worth approximately $54,000. Tortoise Investment Management LLC boosted its position in Jack Henry & Associates by 76.9% in the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock valued at $58,000 after buying an additional 143 shares during the period. Finally, Menard Financial Group LLC purchased a new position in Jack Henry & Associates in the 4th quarter valued at approximately $60,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JKHY. Keefe, Bruyette & Woods cut their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a research report on Thursday, May 8th. UBS Group reduced their price target on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. 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 note on Wednesday, April 2nd. Finally, Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of "Hold" and a consensus price target of $185.11.

Jack Henry & Associates Stock Up 0.4%

Shares of JKHY traded up $0.72 during mid-day trading on Friday, reaching $178.32. The company's stock had a trading volume of 686,937 shares, compared to its average volume of 571,924. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36. Jack Henry & Associates, Inc. has a 12-month low of $158.62 and a 12-month high of $196.00. The stock has a market cap of $12.99 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 3.02 and a beta of 0.73. The company's 50 day moving average is $178.44 and its 200 day moving average is $175.97.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. The firm had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.19 earnings per share. Equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio (DPR) is 39.52%.

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.