Metis Global Partners LLC Acquires 91 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Metis Global Partners LLC raised its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,425 shares of the technology company’s stock after acquiring an additional 91 shares during the quarter. Metis Global Partners LLC’s holdings in Jack Henry & Associates were worth $425,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in JKHY. Harbor Capital Advisors Inc. grew its stake in shares of Jack Henry & Associates by 119.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 9,209 shares of the technology company’s stock worth $1,626,000 after acquiring an additional 5,005 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Jack Henry & Associates by 3.9% in the third quarter. Van ECK Associates Corp now owns 48,919 shares of the technology company’s stock valued at $9,022,000 after buying an additional 1,857 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Jack Henry & Associates by 19.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 44,333 shares of the technology company’s stock valued at $7,827,000 after buying an additional 7,082 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Jack Henry & Associates in the third quarter valued at $48,000. Finally, Principal Financial Group Inc. grew its stake in shares of Jack Henry & Associates by 21.1% in the third quarter. Principal Financial Group Inc. now owns 341,460 shares of the technology company’s stock valued at $60,281,000 after buying an additional 59,450 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on JKHY. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Stephens reissued an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods raised their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Finally, William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Stock Up 0.3 %

JKHY opened at $177.63 on Thursday. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $12.95 billion, a P/E ratio of 32.06, a P/E/G ratio of 3.36 and a beta of 0.61. The stock has a fifty day moving average of $173.04 and a 200-day moving average of $175.37.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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 analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is 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%.

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.