Rhumbline Advisers Grows Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Rhumbline Advisers grew its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 8.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,154 shares of the technology company's stock after purchasing an additional 13,796 shares during the period. Rhumbline Advisers owned approximately 0.23% of Jack Henry & Associates worth $30,705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Parallel Advisors LLC lifted its stake in Jack Henry & Associates by 22.0% during the 1st quarter. Parallel Advisors LLC now owns 5,192 shares of the technology company's stock worth $948,000 after acquiring an additional 937 shares in the last quarter. GAMMA Investing LLC raised its stake in Jack Henry & Associates by 19,937.4% in the first quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company's stock valued at $853,240,000 after buying an additional 464,941 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in Jack Henry & Associates by 9.8% during the first quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock worth $153,000 after purchasing an additional 75 shares during the last quarter. First Hawaiian Bank lifted its position in shares of Jack Henry & Associates by 1.9% during the 1st quarter. First Hawaiian Bank now owns 9,153 shares of the technology company's stock worth $1,671,000 after buying an additional 174 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Jack Henry & Associates by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 2,886 shares of the technology company's stock valued at $506,000 after acquiring an additional 423 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

NASDAQ:JKHY traded up $0.83 during trading hours on Friday, hitting $181.84. The company's stock had a trading volume of 277,436 shares, compared to its average volume of 569,057. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00. The business's 50-day moving average is $176.39 and its two-hundred day moving average is $175.29. The company has a market capitalization of $13.24 billion, a PE ratio of 32.82, a PEG ratio of 3.36 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its 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 company had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $1.19 earnings per share. As a group, research 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 will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, May 29th. Jack Henry & Associates's payout ratio is currently 39.52%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JKHY. UBS Group lowered 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 research report on Thursday, May 8th. Keefe, Bruyette & Woods lowered 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 report on Thursday, May 8th. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. 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 for the company in a report on Wednesday, April 2nd. Finally, Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $184.10.

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.