Board of the Pension Protection Fund Has $1.02 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Board of the Pension Protection Fund raised its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 51.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 makes up about 1.2% of Board of the Pension Protection Fund's portfolio, making the stock its 14th biggest holding. Board of the Pension Protection Fund's holdings in Jack Henry & Associates were worth $1,023,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of JKHY. Vanguard Group Inc. boosted its stake in shares of Jack Henry & Associates by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock worth $1,544,634,000 after acquiring an additional 157,360 shares during the period. Invesco Ltd. boosted its stake in shares of Jack Henry & Associates by 29.9% during the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock worth $359,523,000 after acquiring an additional 471,507 shares during the period. Geode Capital Management LLC boosted its stake in shares of Jack Henry & Associates by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock worth $349,796,000 after acquiring an additional 24,709 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Jack Henry & Associates by 95.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock worth $229,057,000 after acquiring an additional 643,697 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in shares of Jack Henry & Associates by 8.9% during the 1st quarter. Handelsbanken Fonder AB now owns 1,007,500 shares of the technology company's stock worth $183,970,000 after acquiring an additional 82,100 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock traded up $1.85 during trading on Monday, reaching $180.17. 543,286 shares of the company's stock were exchanged, compared to its average volume of 570,082. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. Jack Henry & Associates, Inc. has a 1-year low of $158.62 and a 1-year high of $196.00. The company has a market cap of $13.12 billion, a P/E ratio of 30.69, a PEG ratio of 3.02 and a beta of 0.73. The firm's 50-day moving average price is $178.80 and its 200 day moving average price is $175.93.

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

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.58 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.29%. Jack Henry & Associates's dividend payout ratio (DPR) is currently 39.52%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Keefe, Bruyette & Woods reduced their price target on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research note 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 for the company in a research note on Thursday, May 8th. 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 research note on Wednesday, April 2nd. Finally, Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $185.11.

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.