Woodline Partners LP Makes New Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Woodline Partners LP acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,381 shares of the technology company's stock, valued at approximately $768,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Jack Henry & Associates by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after buying an additional 131,515 shares during the period. Enterprise Financial Services Corp bought a new position in shares of Jack Henry & Associates in the fourth quarter worth $900,000. Cobblestone Capital Advisors LLC NY increased its holdings in shares of Jack Henry & Associates by 21.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company's stock worth $21,348,000 after purchasing an additional 21,466 shares during the period. Andra AP fonden increased its holdings in shares of Jack Henry & Associates by 10.7% in the fourth quarter. Andra AP fonden now owns 29,900 shares of the technology company's stock worth $5,241,000 after purchasing an additional 2,900 shares during the period. Finally, AGF Management Ltd. bought a new position in shares of Jack Henry & Associates in the fourth quarter worth $305,000. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Trading Up 0.1%

Jack Henry & Associates stock traded up $0.19 during trading hours on Friday, reaching $180.27. The stock had a trading volume of 875,815 shares, compared to its average volume of 571,825. The stock has a market cap of $13.13 billion, a PE ratio of 32.54, a PEG ratio of 3.36 and a beta of 0.75. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The company has a fifty day simple moving average of $176.32 and a 200-day simple moving average of $175.08.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results 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 for the quarter, compared to analyst estimates of $585.84 million. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.19 EPS. Analysts forecast 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. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 29th. Jack Henry & Associates's payout ratio is 39.52%.

Analyst Ratings Changes

Several research firms have recently weighed in on JKHY. Northcoast Research cut 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. 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. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, 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. One equities research 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, the company currently has a consensus rating of "Hold" and a consensus price target of $184.10.

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.