Bank Julius Baer & Co. Ltd Zurich Grows Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 405,675 shares of the technology company's stock after purchasing an additional 14,743 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.56% of Jack Henry & Associates worth $66,291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Watershed Asset Management L.L.C. purchased a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $282,000. GAMMA Investing LLC purchased a new stake in Jack Henry & Associates in the 4th quarter worth approximately $79,000. Linden Thomas Advisory Services LLC increased its holdings in Jack Henry & Associates by 3.7% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,644 shares of the technology company's stock worth $1,413,000 after acquiring an additional 311 shares in the last quarter. Marks Group Wealth Management Inc increased its holdings in Jack Henry & Associates by 3.3% in the 4th quarter. Marks Group Wealth Management Inc now owns 19,455 shares of the technology company's stock worth $3,179,000 after acquiring an additional 616 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Jack Henry & Associates by 3.8% in the 4th quarter. New York State Common Retirement Fund now owns 133,306 shares of the technology company's stock worth $21,784,000 after acquiring an additional 4,895 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

NASDAQ JKHY traded up $0.69 during mid-day trading on Thursday, hitting $165.89. The stock had a trading volume of 240,179 shares, compared to its average volume of 426,082. The firm's 50 day moving average is $170.82 and its 200 day moving average is $163.00. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $178.37. 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 stock has a market capitalization of $12.09 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 3.90 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted 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. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The firm had revenue of $545.70 million during the quarter, compared to the consensus estimate of $540.34 million. During the same period in the prior year, the company earned $1.10 EPS. The firm's revenue was up 8.0% compared to the same quarter last year. Equities 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.33%. Jack Henry & Associates's dividend payout ratio is currently 43.05%.

Analyst Ratings Changes

A number of brokerages have issued reports on JKHY. Evercore ISI increased their price objective on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an "in-line" rating in a report on Tuesday, March 26th. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday, April 20th. Wolfe Research started coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They issued a "peer perform" rating for the company. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada lifted their price objective on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates has an average 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.

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