Jefferies Financial Group Inc. Takes Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Jefferies Financial Group Inc. purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,589 shares of the technology company's stock, valued at approximately $2,032,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Jack Henry & Associates by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock worth $1,544,634,000 after purchasing an additional 157,360 shares during the period. Invesco Ltd. boosted its position in shares of Jack Henry & Associates by 29.9% during the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock worth $359,523,000 after purchasing an additional 471,507 shares during the period. Geode Capital Management LLC boosted its position in shares of Jack Henry & Associates by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock worth $349,796,000 after purchasing an additional 24,709 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after purchasing an additional 131,515 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Jack Henry & Associates by 95.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock worth $229,057,000 after purchasing an additional 643,697 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

NASDAQ JKHY traded up $2.04 during trading on Friday, reaching $182.67. The company's stock had a trading volume of 650,553 shares, compared to its average volume of 562,215. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 32.97, a P/E/G ratio of 3.36 and a beta of 0.75. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00. The business's fifty day moving average price is $174.71 and its 200-day moving average price is $174.99.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same period in the previous year, the business posted $1.19 earnings per share. The business's revenue was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 29th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 39.52%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. StockNews.com raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Keefe, Bruyette & Woods decreased their price target on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research report on Thursday, May 8th. 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 target for the company in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $184.10.

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.