Hsbc Holdings PLC Grows Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Hsbc Holdings PLC lifted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 20.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,055 shares of the technology company's stock after purchasing an additional 34,495 shares during the quarter. Hsbc Holdings PLC owned about 0.27% of Jack Henry & Associates worth $35,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JKHY. Fortitude Family Office LLC boosted its position in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after buying an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Jack Henry & Associates during the third quarter valued at approximately $26,000. National Pension Service bought a new position in Jack Henry & Associates during the fourth quarter valued at approximately $27,000. ORG Partners LLC purchased a new stake in Jack Henry & Associates in the fourth quarter worth approximately $35,000. Finally, Atala Financial Inc bought a new stake in Jack Henry & Associates in the 4th quarter worth approximately $40,000. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Up 0.0 %

Shares of NASDAQ JKHY traded up $0.03 during trading hours on Thursday, hitting $173.46. 182,239 shares of the company traded hands, compared to its average volume of 543,601. The company's 50 day moving average price is $175.08 and its 200 day moving average price is $175.59. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71. 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 12 month low of $157.00 and a 12 month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were issued a $0.58 dividend. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates's dividend payout ratio (DPR) is currently 41.88%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price target for the company. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $185.30.

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.