Mercer Global Advisors Inc. ADV Has $14.60 Million Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mercer Global Advisors Inc. ADV increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 293.9% in the 4th quarter, HoldingsChannel reports. The firm owned 83,302 shares of the technology company’s stock after acquiring an additional 62,153 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Jack Henry & Associates were worth $14,603,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of JKHY. Wilmington Savings Fund Society FSB bought a new stake in shares of Jack Henry & Associates during the 3rd quarter worth approximately $26,000. Tidal Investments LLC boosted its holdings in shares of Jack Henry & Associates by 0.8% in the 3rd quarter. Tidal Investments LLC now owns 11,776 shares of the technology company’s stock valued at $2,079,000 after purchasing an additional 92 shares in the last quarter. Synovus Financial Corp increased its stake in shares of Jack Henry & Associates by 2.2% in the 3rd quarter. Synovus Financial Corp now owns 16,102 shares of the technology company’s stock valued at $2,843,000 after purchasing an additional 341 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Jack Henry & Associates by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 8,981 shares of the technology company’s stock worth $1,655,000 after buying an additional 475 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in shares of Jack Henry & Associates by 0.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 171,046 shares of the technology company’s stock worth $30,196,000 after buying an additional 1,054 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Up 0.1 %

Shares of JKHY opened at $174.15 on Friday. The company has a market capitalization of $12.70 billion, a PE ratio of 31.44, a PEG ratio of 3.36 and a beta of 0.75. The stock’s 50-day moving average price is $175.11 and its two-hundred day moving average price is $175.44. 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.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data 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%. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 41.88%.

Analyst Ratings Changes

Several research analysts have commented on JKHY shares. Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price on the stock. Finally, The Goldman Sachs Group upgraded 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 report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $185.30.

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.