KLP Kapitalforvaltning AS Buys New Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

KLP Kapitalforvaltning AS purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,400 shares of the technology company’s stock, valued at approximately $4,453,000.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in Jack Henry & Associates by 63.1% during the 4th quarter. American Century Companies Inc. now owns 39,031 shares of the technology company’s stock worth $6,842,000 after acquiring an additional 15,106 shares during the period. iA Global Asset Management Inc. lifted its stake in shares of Jack Henry & Associates by 320.4% during the 4th quarter. iA Global Asset Management Inc. now owns 7,597 shares of the technology company’s stock valued at $1,332,000 after buying an additional 5,790 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Jack Henry & Associates by 110.2% in the 4th quarter. Intech Investment Management LLC now owns 31,257 shares of the technology company’s stock worth $5,479,000 after buying an additional 16,390 shares during the period. Generali Asset Management SPA SGR purchased a new stake in Jack Henry & Associates in the 4th quarter worth $3,140,000. Finally, Thrivent Financial for Lutherans raised its holdings in Jack Henry & Associates by 110.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 200,093 shares of the technology company’s stock valued at $35,080,000 after acquiring an additional 105,000 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 1.1 %

Shares of NASDAQ JKHY opened at $174.78 on Wednesday. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The business’s 50 day moving average is $174.26 and its two-hundred day moving average is $176.22. The stock has a market capitalization of $12.74 billion, a P/E ratio of 31.55, a PEG ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last released 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, research analysts expect 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. Stockholders of record on Thursday, March 6th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Thursday, March 6th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio (DPR) is 41.88%.

Analysts Set New Price Targets

JKHY has been the subject of a number of recent analyst reports. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. Finally, Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target on the stock. One 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 MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Company 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.