Schroder Investment Management Group Boosts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Schroder Investment Management Group increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,339 shares of the technology company’s stock after acquiring an additional 109 shares during the period. Schroder Investment Management Group’s holdings in Jack Henry & Associates were worth $410,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Jack Henry & Associates by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company’s stock valued at $1,544,634,000 after purchasing an additional 157,360 shares in the last quarter. State Street Corp increased its holdings in Jack Henry & Associates by 1.7% in the third quarter. State Street Corp now owns 3,976,658 shares of the technology company’s stock valued at $702,039,000 after buying an additional 67,716 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after acquiring an additional 131,515 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake 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. Finally, Handelsbanken Fonder AB boosted its stake in shares of Jack Henry & Associates by 7.1% during the 4th quarter. Handelsbanken Fonder AB now owns 925,400 shares of the technology company’s stock worth $162,223,000 after acquiring an additional 61,600 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 1.9 %

Shares of NASDAQ JKHY opened at $169.36 on Tuesday. The firm’s 50 day moving average price is $175.26 and its 200 day moving average price is $176.50. 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 has a market cap of $12.35 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00.

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

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were issued a $0.58 dividend. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.37%. Jack Henry & Associates’s payout ratio is 41.88%.

Wall Street Analysts Forecast Growth

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

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.