Mackenzie Financial Corp Buys 155,831 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mackenzie Financial Corp boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 22.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 835,244 shares of the technology company's stock after acquiring an additional 155,831 shares during the period. Mackenzie Financial Corp owned 1.15% of Jack Henry & Associates worth $146,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Forum Financial Management LP bought a new position in Jack Henry & Associates in the fourth quarter worth approximately $235,000. Castlekeep Investment Advisors LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth approximately $1,444,000. Toronto Dominion Bank raised its stake in shares of Jack Henry & Associates by 59.2% in the fourth quarter. Toronto Dominion Bank now owns 39,051 shares of the technology company's stock worth $6,846,000 after purchasing an additional 14,521 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth approximately $4,860,000. Finally, Novem Group purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth approximately $835,000. Institutional investors own 98.75% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. UBS Group lowered their price objective 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 raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective for the company in a research note on Wednesday, April 2nd. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $184.10.

Jack Henry & Associates Stock Performance

NASDAQ JKHY traded down $0.42 on Friday, hitting $179.66. 126,866 shares of the stock traded hands, compared to its average volume of 663,852. The business's fifty day moving average is $176.07 and its two-hundred day moving average is $175.04. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00. The firm has a market capitalization of $13.08 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 3.36 and a beta of 0.75. 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 (NASDAQ:JKHY - Get Free Report) last announced 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 21.55% and a net margin of 17.83%. The business had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. During the same period in the prior year, the company earned $1.19 earnings per share. Jack Henry & Associates's revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 29th. Jack Henry & Associates's dividend payout ratio (DPR) is 39.52%.

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.