Handelsbanken Fonder AB Has $183.97 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Handelsbanken Fonder AB raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 8.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,007,500 shares of the technology company's stock after buying an additional 82,100 shares during the period. Jack Henry & Associates comprises about 0.8% of Handelsbanken Fonder AB's investment portfolio, making the stock its 19th biggest holding. Handelsbanken Fonder AB owned approximately 1.38% of Jack Henry & Associates worth $183,970,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. National Pension Service bought a new stake in Jack Henry & Associates during the 4th quarter valued at about $27,000. Atala Financial Inc bought a new stake in shares of Jack Henry & Associates during the 4th quarter valued at $40,000. Manchester Capital Management LLC raised its position in shares of Jack Henry & Associates by 11,750.0% during the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company's stock valued at $42,000 after purchasing an additional 235 shares during the period. Cary Street Partners Financial LLC bought a new stake in Jack Henry & Associates in the 4th quarter valued at $54,000. Finally, Tortoise Investment Management LLC increased its holdings 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 acquiring an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Analysts Set New Price Targets

JKHY has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of 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 price target on the stock in a research note on Wednesday, April 2nd. Northcoast Research downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods decreased 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 report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $184.10.

Jack Henry & Associates Stock Up 0.2%

Shares of JKHY stock traded up $0.28 during mid-day trading on Wednesday, reaching $179.79. 368,195 shares of the company were exchanged, compared to its average volume of 572,533. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $13.09 billion, a P/E ratio of 32.45, a P/E/G ratio of 3.36 and a beta of 0.73. The business's 50 day simple moving average is $176.30 and its 200 day simple moving average is $175.52.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The firm had revenue of $585.09 million for the quarter, compared to analysts' expectations of $585.84 million. During the same period in the previous year, the business earned $1.19 earnings per share. Jack Henry & Associates's revenue for the quarter was up 8.6% compared to the same quarter last year. 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 declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.58 per share. The ex-dividend date is 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 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.