Bridgewater Advisors Inc. Takes $632,000 Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Bridgewater Advisors Inc. bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,644 shares of the technology company's stock, valued at approximately $632,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Commonwealth Equity Services LLC raised its stake in Jack Henry & Associates by 1.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 9,202 shares of the technology company's stock valued at $1,613,000 after acquiring an additional 173 shares during the period. Parallel Advisors LLC raised its position in shares of Jack Henry & Associates by 33.6% in the fourth quarter. Parallel Advisors LLC now owns 4,255 shares of the technology company's stock valued at $746,000 after purchasing an additional 1,070 shares during the period. Signaturefd LLC lifted its stake in shares of Jack Henry & Associates by 41.4% during the 4th quarter. Signaturefd LLC now owns 1,541 shares of the technology company's stock worth $270,000 after buying an additional 451 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Jack Henry & Associates by 110.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 200,093 shares of the technology company's stock worth $35,080,000 after buying an additional 105,000 shares during the period. Finally, Generali Asset Management SPA SGR bought a new stake in shares of Jack Henry & Associates during the 4th quarter worth about $3,140,000. Institutional investors own 98.75% of the company's stock.

Analyst Upgrades and Downgrades

JKHY has been the topic of several recent research reports. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Sunday. UBS Group lowered their price target on shares of 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. Keefe, Bruyette & Woods dropped their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a report on Thursday, May 8th. Finally, The Goldman Sachs Group raised 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Jack Henry & Associates presently has a consensus rating of "Hold" and an average price target of $185.11.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock traded up $2.48 during mid-day trading on Wednesday, reaching $177.50. The company had a trading volume of 439,037 shares, compared to its average volume of 571,688. The business has a fifty day simple moving average of $180.36 and a 200 day simple moving average of $176.12. The company has a market cap of $12.93 billion, a P/E ratio of 30.24 and a beta of 0.72. Jack Henry & Associates, Inc. has a fifty-two week low of $160.23 and a fifty-two week high of $196.00. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04.

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, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $585.84 million. During the same quarter last year, the business posted $1.19 EPS. Jack Henry & Associates's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were given 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 1.31%. Jack Henry & Associates's dividend payout ratio is presently 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.