Ossiam Purchases 10,530 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Ossiam boosted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 156.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,277 shares of the technology company's stock after purchasing an additional 10,530 shares during the quarter. Ossiam's holdings in Jack Henry & Associates were worth $3,029,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Jack Henry & Associates by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock worth $1,544,634,000 after buying an additional 157,360 shares in the last quarter. Invesco Ltd. raised its stake in Jack Henry & Associates by 29.9% in the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after purchasing an additional 471,507 shares in the last quarter. Geode Capital Management LLC grew its stake in Jack Henry & Associates by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock worth $349,796,000 after buying an additional 24,709 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Jack Henry & Associates by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock valued at $316,326,000 after buying an additional 131,515 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Jack Henry & Associates by 95.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock worth $229,057,000 after acquiring an additional 643,697 shares in the last quarter. Institutional investors own 98.75% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JKHY. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company initiated coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Jack Henry & Associates has a consensus rating of "Hold" and an average price target of $186.45.

Jack Henry & Associates Trading Down 1.2 %

Shares of NASDAQ:JKHY traded down $2.02 during trading on Friday, reaching $170.52. The stock had a trading volume of 128,965 shares, compared to its average volume of 538,918. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The firm's fifty day moving average is $174.81 and its 200 day moving average is $175.87. The stock has a market cap of $12.43 billion, a price-to-earnings ratio of 30.76, a P/E/G ratio of 3.36 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. As a group, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were paid a $0.58 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.36%. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's payout ratio is currently 41.88%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.