Fifth Third Bancorp Buys 352 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Fifth Third Bancorp increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 26.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,684 shares of the technology company’s stock after purchasing an additional 352 shares during the quarter. Fifth Third Bancorp’s holdings in Jack Henry & Associates were worth $307,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of JKHY. Enterprise Financial Services Corp bought a new stake in Jack Henry & Associates during the 4th quarter valued at $900,000. Cobblestone Capital Advisors LLC NY grew its position in shares of Jack Henry & Associates by 21.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company’s stock valued at $21,348,000 after purchasing an additional 21,466 shares in the last quarter. Andra AP fonden raised its stake in shares of Jack Henry & Associates by 10.7% during the 4th quarter. Andra AP fonden now owns 29,900 shares of the technology company’s stock valued at $5,241,000 after purchasing an additional 2,900 shares during the period. AGF Management Ltd. purchased a new stake in Jack Henry & Associates during the 4th quarter worth about $305,000. Finally, Russell Investments Group Ltd. lifted its holdings in Jack Henry & Associates by 14.4% during the 4th quarter. Russell Investments Group Ltd. now owns 56,023 shares of the technology company’s stock worth $9,821,000 after purchasing an additional 7,066 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $181.39 on Thursday. The firm has a market capitalization of $13.21 billion, a P/E ratio of 30.90, a P/E/G ratio of 3.06 and a beta of 0.73. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $177.58 and its two-hundred day simple moving average is $175.75. Jack Henry & Associates, Inc. has a twelve month low of $158.62 and a twelve month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.23. The business had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.19 EPS. As a group, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.28%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.52%.

Analyst Ratings Changes

JKHY has been the topic of a number of recent research reports. UBS Group dropped their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Keefe, Bruyette & Woods dropped their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a report on Thursday, May 8th. The Goldman Sachs Group raised Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price objective on the stock in a report on Wednesday, April 2nd. Northcoast Research cut Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. Finally, Wall Street Zen raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Monday, May 12th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $184.10.

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.