National Pension Service Acquires New Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

National Pension Service acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 153 shares of the technology company’s stock, valued at approximately $27,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Jack Henry & Associates by 1.7% during the 3rd quarter. State Street Corp now owns 3,976,658 shares of the technology company’s stock valued at $702,039,000 after purchasing an additional 67,716 shares during the period. JPMorgan Chase & Co. grew its position in Jack Henry & Associates by 7.9% during the third 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 in the last quarter. Handelsbanken Fonder AB grew its position in Jack Henry & Associates by 7.1% during the fourth quarter. Handelsbanken Fonder AB now owns 925,400 shares of the technology company’s stock worth $162,223,000 after buying an additional 61,600 shares in the last quarter. Nordea Investment Management AB grew its position in Jack Henry & Associates by 50.8% during the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after buying an additional 263,021 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Jack Henry & Associates by 11.1% during the fourth quarter. Bank of New York Mellon Corp now owns 706,048 shares of the technology company’s stock worth $123,770,000 after buying an additional 70,540 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price for the company. Keefe, Bruyette & Woods boosted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Stephens restated an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. UBS Group upped their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada upped their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Trading Up 1.0 %

Shares of JKHY stock opened at $173.59 on Friday. The stock has a market capitalization of $12.65 billion, a PE ratio of 31.33, a P/E/G ratio of 3.36 and a beta of 0.61. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $189.63. The business has a 50-day moving average of $172.99 and a 200 day moving average of $175.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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%. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.34%. Jack Henry & Associates’s dividend 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.