Los Angeles Capital Management LLC Grows Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Los Angeles Capital Management LLC boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 12.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,419 shares of the technology company’s stock after purchasing an additional 1,538 shares during the period. Los Angeles Capital Management LLC’s holdings in Jack Henry & Associates were worth $2,352,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JKHY. Nordea Investment Management AB raised its holdings in shares of Jack Henry & Associates by 50.8% during the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after acquiring an additional 263,021 shares in the last quarter. JPMorgan Chase & Co. increased its position in Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after purchasing an additional 131,515 shares during the period. Benjamin Edwards Inc. lifted its position in shares of Jack Henry & Associates by 2,032.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock worth $22,540,000 after purchasing an additional 121,667 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Jack Henry & Associates by 49.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock valued at $38,836,000 after purchasing an additional 72,760 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Jack Henry & Associates by 11.1% during the fourth quarter. Bank of New York Mellon Corp now owns 706,048 shares of the technology company’s stock valued at $123,770,000 after buying an additional 70,540 shares during the period. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on JKHY. Stephens restated an “equal weight” rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target for the company. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, UBS Group lifted their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $171.87 on Friday. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63. The company has a market capitalization of $12.53 billion, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 3.36 and a beta of 0.61. The firm has a 50 day moving average of $173.13 and a 200 day moving average of $174.98. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results 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%. As a group, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a $0.58 dividend. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.35%. Jack Henry & Associates’s payout ratio is 41.88%.

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.