Pictet Asset Management Holding SA Grows Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Pictet Asset Management Holding SA lifted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,734 shares of the technology company’s stock after purchasing an additional 8,574 shares during the period. Pictet Asset Management Holding SA owned about 0.08% of Jack Henry & Associates worth $10,296,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JKHY. Nomura Asset Management Co. Ltd. increased its stake in shares of Jack Henry & Associates by 1.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 21,469 shares of the technology company’s stock worth $3,764,000 after buying an additional 241 shares during the period. New Age Alpha Advisors LLC increased its position in shares of Jack Henry & Associates by 3,577.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 3,641 shares of the technology company’s stock valued at $638,000 after purchasing an additional 3,542 shares during the last quarter. Norges Bank purchased a new stake in shares of Jack Henry & Associates in the 4th quarter valued at approximately $48,834,000. UniSuper Management Pty Ltd raised its holdings in shares of Jack Henry & Associates by 16.3% in the 4th quarter. UniSuper Management Pty Ltd now owns 11,526 shares of the technology company’s stock valued at $2,021,000 after purchasing an additional 1,613 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Jack Henry & Associates by 95.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company’s stock worth $229,057,000 after purchasing an additional 643,697 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on JKHY shares. Northcoast Research cut Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Wells Fargo & Company began coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target for the company. Finally, The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price target on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $186.45.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $184.11 on Thursday. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The company has a market capitalization of $13.42 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 3.36 and a beta of 0.65. The stock has a fifty day moving average of $175.24 and a two-hundred day moving average of $176.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Thursday, March 6th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is 41.88%.

Jack Henry & Associates 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.