Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 36.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 121,466 shares of the technology company's stock after buying an additional 32,537 shares during the period. BNP Paribas Financial Markets owned about 0.17% of Jack Henry & Associates worth $19,849,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Teacher Retirement System of Texas increased its holdings in Jack Henry & Associates by 354.0% in the fourth quarter. Teacher Retirement System of Texas now owns 25,636 shares of the technology company's stock valued at $4,189,000 after buying an additional 19,989 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new position in Jack Henry & Associates in the 4th quarter worth about $44,000. Mesirow Institutional Investment Management Inc. boosted its position in Jack Henry & Associates by 0.9% during the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 16,467 shares of the technology company's stock worth $2,691,000 after purchasing an additional 139 shares in the last quarter. Principal Securities Inc. acquired a new stake in Jack Henry & Associates in the fourth quarter valued at approximately $178,000. Finally, Everpar Advisors LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at approximately $889,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JKHY. Wolfe Research initiated coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They set a "peer perform" rating for the company. StockNews.com upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. Evercore ISI lifted their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 26th. Finally, Royal Bank of Canada increased their price objective on Jack Henry & Associates from $161.00 to $181.00 and gave the company a "sector perform" rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of "Hold" and an average target price of $174.42.

Jack Henry & Associates Trading Up 1.3 %

Shares of NASDAQ JKHY traded up $2.14 during trading on Wednesday, hitting $167.83. 387,917 shares of the company were exchanged, compared to its average volume of 430,517. The company has a fifty day moving average price of $168.45 and a 200-day moving average price of $165.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $12.23 billion, a PE ratio of 32.40, a P/E/G ratio of 4.32 and a beta of 0.66. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $178.37.

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

Jack Henry & Associates Dividend Announcement

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

Jack Henry & Associates 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.