Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 592,849 shares of the technology company's stock after acquiring an additional 16,281 shares during the period. Charles Schwab Investment Management Inc. owned about 0.81% of Jack Henry & Associates worth $96,877,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in Jack Henry & Associates by 1.3% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,742,546 shares of the technology company's stock worth $565,648,000 after purchasing an additional 46,534 shares in the last quarter. Invesco Ltd. lifted its holdings in Jack Henry & Associates by 15.3% in the 3rd quarter. Invesco Ltd. now owns 1,106,851 shares of the technology company's stock valued at $167,289,000 after purchasing an additional 147,143 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Jack Henry & Associates by 21.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,043,098 shares of the technology company's stock worth $157,654,000 after purchasing an additional 181,811 shares during the last quarter. Northern Trust Corp raised its position in shares of Jack Henry & Associates by 3.5% in the third quarter. Northern Trust Corp now owns 818,737 shares of the technology company's stock valued at $123,744,000 after buying an additional 28,017 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in Jack Henry & Associates by 10.9% in the 4th quarter. Handelsbanken Fonder AB now owns 764,600 shares of the technology company's stock valued at $124,943,000 after acquiring an additional 75,200 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JKHY. Evercore ISI raised their price target on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an "in-line" rating in a report on Tuesday, March 26th. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday, April 20th. DA Davidson restated a "buy" rating and set a $198.00 target price on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Finally, Robert W. Baird upped their target price on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 17th. One 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $174.42.

Jack Henry & Associates Stock Down 0.9 %

Jack Henry & Associates stock traded down $1.52 during midday trading on Monday, reaching $167.72. The company's stock had a trading volume of 471,525 shares, compared to its average volume of 430,699. The company has a market cap of $12.22 billion, a P/E ratio of 32.38, a P/E/G ratio of 4.36 and a beta of 0.66. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $168.72 and a 200-day simple moving average of $164.96. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.02. The firm had revenue of $538.56 million during the quarter, compared to the consensus estimate of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 earnings per share. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.2 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, May 28th will be given a $0.55 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $2.20 dividend on an annualized basis and a yield of 1.31%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 42.47%.

About Jack Henry & Associates

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.