Boston Trust Walden Corp Increases Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Boston Trust Walden Corp increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 18.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 260,406 shares of the technology company's stock after purchasing an additional 40,859 shares during the quarter. Boston Trust Walden Corp owned 0.36% of Jack Henry & Associates worth $47,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in 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 valued at $1,544,634,000 after acquiring an additional 157,360 shares during the last quarter. Invesco Ltd. boosted its stake in Jack Henry & Associates by 29.9% during the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after acquiring an additional 471,507 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 valued at $349,796,000 after acquiring an additional 24,709 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in 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 valued at $229,057,000 after acquiring an additional 643,697 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in 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 valued at $183,970,000 after acquiring an additional 82,100 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. The Goldman Sachs Group raised 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 report on Wednesday, April 2nd. UBS Group dropped their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. 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, nine have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $184.10.

Jack Henry & Associates Stock Up 0.6%

JKHY stock opened at $181.39 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a fifty-two week low of $158.62 and a fifty-two week high of $196.00. The firm's 50-day simple moving average is $177.58 and its 200 day simple moving average is $175.75. The stock has a market cap of $13.21 billion, a PE ratio of 30.90, a price-to-earnings-growth ratio of 3.08 and a beta of 0.73.

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

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.58 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.32 annualized dividend and a yield of 1.28%. Jack Henry & Associates's payout ratio is 39.52%.

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.

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