Mackenzie Financial Corp Boosts Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mackenzie Financial Corp lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 22.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 835,244 shares of the technology company's stock after buying an additional 155,831 shares during the quarter. Mackenzie Financial Corp owned about 1.15% of Jack Henry & Associates worth $146,418,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. National Pension Service bought a new stake in Jack Henry & Associates during the 4th quarter valued at $27,000. Atala Financial Inc bought a new position in Jack Henry & Associates in the 4th quarter valued at about $40,000. Manchester Capital Management LLC lifted its position in Jack Henry & Associates by 11,750.0% in the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company's stock valued at $42,000 after acquiring an additional 235 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in Jack Henry & Associates in the 4th quarter valued at about $54,000. Finally, Tortoise Investment Management LLC lifted its position 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 in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on JKHY. Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. UBS Group reduced their price target on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. The Goldman Sachs Group raised 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 report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price target 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. Finally, William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. One investment 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 stock has an average rating of "Hold" and an average price target of $184.10.

Jack Henry & Associates Trading Down 1.3%

Shares of JKHY stock traded down $2.49 during trading hours on Wednesday, reaching $182.10. The company's stock had a trading volume of 573,114 shares, compared to its average volume of 569,986. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00. The stock has a market capitalization of $13.26 billion, a P/E ratio of 32.87, a P/E/G ratio of 3.36 and a beta of 0.75. The firm's fifty day simple moving average is $176.07 and its 200 day simple moving average is $175.04.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $585.84 million. During the same period last year, the company posted $1.19 EPS. The company's quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced 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. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Thursday, May 29th. 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.