Mercer Global Advisors Inc. ADV Increases Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mercer Global Advisors Inc. ADV boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 293.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,302 shares of the technology company's stock after purchasing 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 large investors also recently modified their holdings of the company. Willis Investment Counsel raised its stake in Jack Henry & Associates by 1.9% during the fourth quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock valued at $640,000 after purchasing an additional 68 shares in the last quarter. Torray Investment Partners LLC lifted its stake in shares of Jack Henry & Associates by 0.7% in the 4th quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock valued at $1,831,000 after purchasing an additional 76 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Jack Henry & Associates by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock valued at $401,000 after purchasing an additional 79 shares during the period. Signal Advisors Wealth LLC increased its holdings in shares of Jack Henry & Associates by 4.0% in the 4th quarter. Signal Advisors Wealth LLC now owns 2,166 shares of the technology company's stock valued at $380,000 after acquiring an additional 83 shares during the last quarter. Finally, Wedmont Private Capital raised its position in Jack Henry & Associates by 7.2% in the 4th quarter. Wedmont Private Capital now owns 1,239 shares of the technology company's stock valued at $213,000 after purchasing an additional 83 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on JKHY shares. Wells Fargo & Company began coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price on the stock. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Keefe, Bruyette & Woods cut their price objective 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. William Blair reaffirmed 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 target on the stock in a research report on Wednesday, April 2nd. One 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.com, Jack Henry & Associates presently has a consensus rating of "Hold" and a consensus price target of $184.60.

Jack Henry & Associates Trading Up 4.1 %

NASDAQ JKHY traded up $7.05 during trading hours on Thursday, hitting $178.70. 362,898 shares of the company's stock were exchanged, compared to its average volume of 661,975. The firm has a market capitalization of $13.03 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. The business's 50 day moving average is $175.08 and its 200-day moving average is $175.15. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, beating the consensus estimate 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 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 period in the previous year, the firm earned $1.19 earnings per share. As a group, analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were paid a $0.58 dividend. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.30%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 41.88%.

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.