Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 49.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 17,885 shares of the technology company's stock after purchasing an additional 5,891 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Jack Henry & Associates were worth $2,923,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Planned Solutions Inc. purchased a new stake in Jack Henry & Associates during the 4th quarter valued at about $33,000. NBC Securities Inc. purchased a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at about $30,000. Anchor Investment Management LLC purchased a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $35,000. Federated Hermes Inc. purchased a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at about $72,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Jack Henry & Associates by 25.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 656 shares of the technology company's stock valued at $99,000 after acquiring an additional 133 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.
Jack Henry & Associates Price Performance
NASDAQ:JKHY traded up $1.64 during trading hours on Tuesday, hitting $166.48. 297,528 shares of the stock traded hands, compared to its average volume of 429,431. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37. The company has a market cap of $12.13 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 3.88 and a beta of 0.66. The stock has a 50 day moving average price of $171.02 and a 200 day moving average price of $162.98.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The business had revenue of $545.70 million for the quarter, compared to the consensus estimate of $540.34 million. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The company's revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.11 EPS for the current fiscal year.
Jack Henry & Associates Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, March 7th. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.52. Jack Henry & Associates's payout ratio is 43.05%.
Analyst Ratings Changes
A number of analysts have recently issued reports on JKHY shares. Royal Bank of Canada raised their price target on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the company a "sector perform" rating in a report on Thursday, February 8th. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday. Evercore ISI boosted their target price on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an "in-line" rating in a research report on Tuesday, March 26th. TheStreet upgraded shares of Jack Henry & Associates from a "c+" rating to a "b-" rating in a research report on Friday, December 29th. Finally, Robert W. Baird boosted their target price on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a "neutral" rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $172.42.
Check Out Our Latest Analysis on Jack Henry & Associates
Jack Henry & Associates Company Profile
(
Free Report)
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.
Read More
Before you consider Jack Henry & Associates, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jack Henry & Associates wasn't on the list.
While Jack Henry & Associates currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
