Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Holdings Lifted by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 293.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,302 shares of the technology company's stock after acquiring an additional 62,153 shares during the period. Mercer Global Advisors Inc. ADV owned about 0.11% of Jack Henry & Associates worth $14,603,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Jack Henry & Associates by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock valued at $1,544,634,000 after purchasing an additional 157,360 shares in the last quarter. Invesco Ltd. raised its stake in Jack Henry & Associates by 29.9% during the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after buying an additional 471,507 shares in the last quarter. Geode Capital Management LLC raised its stake in Jack Henry & Associates by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock valued at $349,796,000 after buying an additional 24,709 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in 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 buying an additional 131,515 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Jack Henry & Associates by 95.4% in 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 acquiring an additional 643,697 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

JKHY traded down $1.88 on Monday, reaching $172.27. The company had a trading volume of 578,326 shares, compared to its average volume of 548,613. The company has a market capitalization of $12.56 billion, a P/E ratio of 31.10, a PEG ratio of 3.36 and a beta of 0.75. 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 fifty day moving average of $175.11 and a 200-day moving average of $175.30. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00.

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

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were given a $0.58 dividend. The ex-dividend date was Thursday, March 6th. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.35%. Jack Henry & Associates's payout ratio is 41.88%.

Wall Street Analysts Forecast Growth

JKHY has been the topic of several research analyst reports. Wells Fargo & Company initiated coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective on the stock. 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 report on Wednesday, April 2nd. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Jack Henry & Associates currently has an average rating of "Hold" and an average price target of $185.30.

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.