Handelsbanken Fonder AB Increases Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Handelsbanken Fonder AB increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 764,600 shares of the technology company's stock after purchasing an additional 75,200 shares during the period. Jack Henry & Associates makes up 0.6% of Handelsbanken Fonder AB's holdings, making the stock its 27th biggest holding. Handelsbanken Fonder AB owned 1.05% of Jack Henry & Associates worth $124,943,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of JKHY. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Jack Henry & Associates by 1.3% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,742,546 shares of the technology company's stock worth $565,648,000 after acquiring an additional 46,534 shares during the last quarter. State Street Corp increased its holdings in Jack Henry & Associates by 3.3% in the first quarter. State Street Corp now owns 3,204,604 shares of the technology company's stock worth $482,998,000 after purchasing an additional 101,262 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Jack Henry & Associates by 19.1% in the first quarter. JPMorgan Chase & Co. now owns 1,900,968 shares of the technology company's stock worth $286,513,000 after purchasing an additional 304,400 shares in the last quarter. Geode Capital Management LLC increased its holdings in Jack Henry & Associates by 0.7% in the first quarter. Geode Capital Management LLC now owns 1,713,380 shares of the technology company's stock worth $257,816,000 after purchasing an additional 11,665 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Jack Henry & Associates by 117.1% in the fourth quarter. Morgan Stanley now owns 1,709,702 shares of the technology company's stock worth $300,155,000 after purchasing an additional 922,054 shares in the last quarter. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Up 0.5 %

Shares of JKHY traded up $0.83 during mid-day trading on Friday, reaching $165.60. 368,438 shares of the company's stock traded hands, compared to its average volume of 364,892. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37. The stock has a market cap of $12.07 billion, a P/E ratio of 32.41, a P/E/G ratio of 3.88 and a beta of 0.66. The stock's 50-day moving average is $171.36 and its two-hundred day moving average is $162.74. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.14 by $0.12. The firm had revenue of $545.70 million during the quarter, compared to analyst estimates 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 for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 EPS. 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.33%. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates's payout ratio is presently 43.05%.

Analysts Set New Price Targets

JKHY has been the subject of a number of research analyst reports. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a report on Wednesday, February 7th. Citigroup initiated coverage on Jack Henry & Associates in a report on Thursday, January 18th. They set a "neutral" rating and a $177.00 price objective for the company. StockNews.com downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday. Robert W. Baird boosted their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the company a "neutral" rating in a report on Wednesday. Finally, Evercore ISI boosted their price objective 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 investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $172.42.

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.