Allspring Global Investments Holdings LLC Purchases 142,878 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Allspring Global Investments Holdings LLC lifted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 66.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 356,819 shares of the technology company's stock after acquiring an additional 142,878 shares during the period. Allspring Global Investments Holdings LLC owned 0.49% of Jack Henry & Associates worth $58,308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC lifted its holdings in shares of Jack Henry & Associates by 5.1% in the 4th quarter. Apollon Wealth Management LLC now owns 1,432 shares of the technology company's stock worth $251,000 after acquiring an additional 69 shares during the last quarter. Horizon Investments LLC boosted its position in shares of Jack Henry & Associates by 5.9% during the second quarter. Horizon Investments LLC now owns 1,260 shares of the technology company's stock valued at $211,000 after buying an additional 70 shares during the period. GAM Holding AG boosted its position in shares of Jack Henry & Associates by 0.5% during the third quarter. GAM Holding AG now owns 14,788 shares of the technology company's stock valued at $2,235,000 after buying an additional 73 shares during the period. Guinness Asset Management LTD grew its position in Jack Henry & Associates by 2.9% in the 3rd quarter. Guinness Asset Management LTD now owns 2,644 shares of the technology company's stock valued at $400,000 after acquiring an additional 74 shares during the last quarter. Finally, Curated Wealth Partners LLC boosted its stake in shares of Jack Henry & Associates by 5.5% during the third quarter. Curated Wealth Partners LLC now owns 1,438 shares of the technology company's stock valued at $217,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Down 0.2 %

Shares of JKHY traded down $0.41 during mid-day trading on Thursday, hitting $170.05. 372,862 shares of the company's stock were exchanged, compared to its average volume of 443,901. The company has a 50-day simple moving average of $171.77 and a 200 day simple moving average of $161.87. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $12.39 billion, a PE ratio of 33.28, a P/E/G ratio of 4.02 and a beta of 0.66. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.12. The company had revenue of $545.70 million during the quarter, compared to analysts' expectations of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The business's revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $1.10 earnings per share. On average, research analysts forecast that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Thursday, March 7th. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.52. Jack Henry & Associates's dividend payout ratio (DPR) is 43.05%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on JKHY shares. Robert W. Baird reissued a "neutral" rating and set a $176.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, January 30th. Wolfe Research started coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They issued a "peer perform" rating on the stock. Royal Bank of Canada raised their target price on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a "sector perform" rating in a report on Thursday, February 8th. Citigroup assumed coverage on shares of Jack Henry & Associates in a research report on Thursday, January 18th. They set a "neutral" rating and a $177.00 target price for the company. Finally, Evercore ISI increased their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an "in-line" rating in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $171.00.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.