Los Angeles Capital Management LLC Buys 1,538 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Los Angeles Capital Management LLC boosted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 12.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 13,419 shares of the technology company’s stock after acquiring an additional 1,538 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Jack Henry & Associates were worth $2,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its stake in shares of Jack Henry & Associates by 50.8% during the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after buying an additional 263,021 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after acquiring 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 third quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock valued at $22,540,000 after acquiring an additional 121,667 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Jack Henry & Associates by 49.4% in the third quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock worth $38,836,000 after acquiring an additional 72,760 shares during the period. Finally, Bank of New York Mellon Corp grew 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 worth $123,770,000 after purchasing an additional 70,540 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on JKHY shares. Keefe, Bruyette & Woods boosted their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Stephens reiterated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective for the company. Finally, StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. 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.com, the company presently has a consensus rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Stock Up 0.1 %

Shares of NASDAQ JKHY opened at $171.87 on Friday. The stock has a market capitalization of $12.53 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 3.36 and a beta of 0.61. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average price is $173.13 and its 200-day moving average price is $174.98.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data 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 net margin of 17.83% and a return on equity of 21.55%. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.35%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates’s 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.