DekaBank Deutsche Girozentrale Purchases 2,395 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

DekaBank Deutsche Girozentrale boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 33.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,554 shares of the technology company’s stock after acquiring an additional 2,395 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Jack Henry & Associates were worth $1,559,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tritonpoint Wealth LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth approximately $436,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth approximately $2,448,000. International Assets Investment Management LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth approximately $18,238,000. Boston Trust Walden Corp raised its stake in shares of Jack Henry & Associates by 1.1% in the fourth quarter. Boston Trust Walden Corp now owns 197,718 shares of the technology company’s stock worth $32,309,000 after purchasing an additional 2,231 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of Jack Henry & Associates by 5.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 30,042 shares of the technology company’s stock worth $4,923,000 after purchasing an additional 1,529 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $167.57 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. The business has a fifty day simple moving average of $171.81 and a two-hundred day simple moving average of $162.11. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37. The company has a market capitalization of $12.21 billion, a P/E ratio of 32.79, a P/E/G ratio of 3.93 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The firm had revenue of $545.70 million during the quarter, compared to analyst estimates of $540.34 million. During the same period last year, the company earned $1.10 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts expect that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were issued a $0.55 dividend. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 43.05%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on JKHY shares. Robert W. Baird reissued a “neutral” rating and issued a $176.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, January 30th. Evercore ISI increased their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. Citigroup began coverage on Jack Henry & Associates in a research report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price target for the company. Finally, Royal Bank of Canada increased their price target on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $171.58.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.