Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 218,305 shares of the technology company's stock after purchasing an additional 4,495 shares during the period. Voloridge Investment Management LLC owned about 0.30% of Jack Henry & Associates worth $38,269,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of JKHY. JPMorgan Chase & Co. boosted its stake in shares of Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock valued at $316,326,000 after acquiring an additional 131,515 shares during the last quarter. Enterprise Financial Services Corp acquired a new stake in shares of Jack Henry & Associates during the fourth quarter valued at $900,000. Cobblestone Capital Advisors LLC NY boosted its stake in Jack Henry & Associates by 21.4% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company's stock worth $21,348,000 after buying an additional 21,466 shares during the last quarter. Andra AP fonden boosted its stake in Jack Henry & Associates by 10.7% in the 4th quarter. Andra AP fonden now owns 29,900 shares of the technology company's stock worth $5,241,000 after buying an additional 2,900 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its stake in Jack Henry & Associates by 17.2% in the 4th quarter. Park Avenue Securities LLC now owns 4,668 shares of the technology company's stock worth $818,000 after buying an additional 684 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Wall Street Analyst Weigh In

JKHY has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price target on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a research note on Thursday, May 8th. UBS Group decreased their price target on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Finally, Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Jack Henry & Associates presently has an average rating of "Hold" and an average price target of $184.10.

Jack Henry & Associates Stock Up 0.9%

NASDAQ JKHY traded up $1.55 during mid-day trading on Tuesday, reaching $183.55. 242,993 shares of the company's stock traded hands, compared to its average volume of 568,241. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The company has a fifty day simple moving average of $175.70 and a 200-day simple moving average of $174.93. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 3.36 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. The firm had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Jack Henry & Associates's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 EPS. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.26%. Jack Henry & Associates's payout ratio is 39.52%.

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.