Sterling Capital Management LLC Purchases 1,533 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Sterling Capital Management LLC grew its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 55.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,298 shares of the technology company's stock after purchasing an additional 1,533 shares during the period. Sterling Capital Management LLC's holdings in Jack Henry & Associates were worth $753,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 valued at $1,544,634,000 after buying an additional 157,360 shares during the last quarter. Invesco Ltd. lifted its position in Jack Henry & Associates by 29.9% during 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of Jack Henry & Associates by 1.3% in the 4th 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. increased its holdings 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 worth $316,326,000 after buying an additional 131,515 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Jack Henry & Associates by 95.4% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Wall Street Analyst Weigh In

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

Jack Henry & Associates Stock Up 2.3 %

Shares of JKHY stock traded up $3.96 on Tuesday, hitting $172.68. The stock had a trading volume of 544,551 shares, compared to its average volume of 539,159. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00. The business has a 50 day moving average price of $174.56 and a 200 day moving average price of $175.94. The company has a market cap of $12.59 billion, a PE ratio of 31.17, a P/E/G ratio of 3.36 and a beta of 0.71. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03.

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

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.34%. The ex-dividend date was Thursday, March 6th. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio (DPR) is 41.88%.

Jack Henry & Associates Company 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.