BLI Banque de Luxembourg Investments Purchases Shares of 91,500 Jack Henry & Associates, Inc. (NASDAQ:JKHY)

BLI Banque de Luxembourg Investments acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 91,500 shares of the technology company’s stock, valued at approximately $16,020,000. BLI Banque de Luxembourg Investments owned about 0.13% of Jack Henry & Associates at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in JKHY. Wilmington Savings Fund Society FSB acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at $26,000. Tidal Investments LLC raised its position in shares of Jack Henry & Associates by 0.8% during the third quarter. Tidal Investments LLC now owns 11,776 shares of the technology company’s stock worth $2,079,000 after purchasing an additional 92 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Jack Henry & Associates by 5.6% during the third quarter. Franklin Resources Inc. now owns 8,981 shares of the technology company’s stock valued at $1,655,000 after purchasing an additional 475 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Jack Henry & Associates by 21.1% in the 3rd quarter. Principal Financial Group Inc. now owns 341,460 shares of the technology company’s stock valued at $60,281,000 after purchasing an additional 59,450 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Jack Henry & Associates by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after purchasing an additional 131,515 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Trading Up 0.1 %

NASDAQ JKHY opened at $174.15 on Friday. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00. The stock has a 50-day simple moving average of $175.11 and a 200 day simple moving average of $175.37. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $12.70 billion, a PE ratio of 31.44, a P/E/G ratio of 3.36 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results 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 net margin of 17.83% and a return on equity of 21.55%. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have commented on JKHY. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company. Finally, The Goldman Sachs Group raised Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price target on the stock in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $185.30.

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.