DnB Asset Management AS Has $2.18 Million Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

DnB Asset Management AS boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,442 shares of the technology company’s stock after purchasing an additional 688 shares during the period. DnB Asset Management AS’s holdings in Jack Henry & Associates were worth $2,181,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Fortitude Family Office LLC increased its stake in shares of Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Jack Henry & Associates in the 3rd quarter valued at about $26,000. National Pension Service bought a new position in shares of Jack Henry & Associates in the fourth quarter worth about $27,000. ORG Partners LLC acquired a new position in shares of Jack Henry & Associates during the fourth quarter worth approximately $35,000. Finally, Atala Financial Inc acquired a new position in shares of Jack Henry & Associates during the fourth quarter worth approximately $40,000. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective for the company. Northcoast Research lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. Finally, William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $184.02 on Wednesday. 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, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The firm has a fifty day moving average of $175.03 and a 200-day moving average of $176.44. The firm has a market capitalization of $13.41 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly 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%. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were paid a $0.58 dividend. The ex-dividend date was Thursday, March 6th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a yield of 1.26%. Jack Henry & Associates’s dividend payout ratio is presently 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.