MML Investors Services LLC Acquires 2,037 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

MML Investors Services LLC raised its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,397 shares of the technology company's stock after acquiring an additional 2,037 shares during the quarter. MML Investors Services LLC's holdings in Jack Henry & Associates were worth $4,277,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

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

Jack Henry & Associates Trading Up 0.2 %

Shares of Jack Henry & Associates stock traded up $0.37 during trading hours on Thursday, hitting $173.80. The company's stock had a trading volume of 160,040 shares, compared to its average volume of 543,545. 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 current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $12.67 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71. The stock has a 50 day moving average of $175.08 and a 200 day moving average of $175.59.

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 the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Analysts predict 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. Investors of record on Thursday, March 6th were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.33%. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio (DPR) is presently 41.88%.

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.