1,740 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Bought by AGF Management Ltd.

AGF Management Ltd. bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 4th quarter, Holdings Channel.com reports. The firm bought 1,740 shares of the technology company’s stock, valued at approximately $305,000.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Jack Henry & Associates in the fourth quarter worth $132,817,000. Nordea Investment Management AB lifted its position in 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 during the last quarter. JPMorgan Chase & Co. lifted its position in 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 worth $316,326,000 after acquiring an additional 131,515 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in Jack Henry & Associates by 2,032.2% during the third quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock valued at $22,540,000 after acquiring an additional 121,667 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Jack Henry & Associates by 49.4% in the third quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock worth $38,836,000 after purchasing an additional 72,760 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

NASDAQ:JKHY opened at $175.83 on Friday. 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 company has a 50-day moving average of $173.83 and a 200-day moving average of $176.08. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last announced 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 return on equity of 21.55% and a net margin of 17.83%. As a group, equities 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 declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be paid a $0.58 dividend. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.32%. Jack Henry & Associates’s payout ratio is currently 41.88%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on JKHY shares. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price on the stock. Finally, StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $186.80.

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.