Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by LPL Financial LLC

LPL Financial LLC boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 26.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 79,693 shares of the technology company’s stock after purchasing an additional 16,514 shares during the period. LPL Financial LLC owned approximately 0.11% of Jack Henry & Associates worth $13,947,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of JKHY. Raymond James Financial Inc. purchased a new stake in Jack Henry & Associates during the fourth quarter worth $132,817,000. Nordea Investment Management AB boosted its stake in shares of Jack Henry & Associates by 50.8% during the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after acquiring an additional 263,021 shares in the last quarter. JPMorgan Chase & Co. grew 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. Thrivent Financial for Lutherans increased its stake in shares of Jack Henry & Associates by 110.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 200,093 shares of the technology company’s stock valued at $35,080,000 after purchasing an additional 105,000 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Jack Henry & Associates by 11.1% in the 4th quarter. Bank of New York Mellon Corp now owns 706,048 shares of the technology company’s stock worth $123,770,000 after purchasing an additional 70,540 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 0.0 %

Shares of NASDAQ JKHY opened at $184.11 on Thursday. The stock has a market cap of $13.42 billion, a PE ratio of 33.23, a P/E/G ratio of 3.36 and a beta of 0.65. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The company has a 50-day moving average of $175.24 and a 200 day moving average of $176.49.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (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, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, March 6th. 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%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Wells Fargo & Company started coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective on the stock. Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $186.45.

About Jack Henry & Associates

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.