Zurcher Kantonalbank Zurich Cantonalbank Acquires 5,891 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 49.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,885 shares of the technology company’s stock after acquiring an additional 5,891 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Jack Henry & Associates were worth $2,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of JKHY. Assenagon Asset Management S.A. grew its position in shares of Jack Henry & Associates by 1,587.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 347,018 shares of the technology company’s stock valued at $56,706,000 after acquiring an additional 326,448 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Jack Henry & Associates by 21.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,043,098 shares of the technology company’s stock valued at $157,654,000 after acquiring an additional 181,811 shares during the period. Handelsbanken Fonder AB grew its position in shares of Jack Henry & Associates by 34.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 689,400 shares of the technology company’s stock valued at $104,196,000 after acquiring an additional 177,200 shares during the period. Invesco Ltd. grew its position in shares of Jack Henry & Associates by 15.3% during the 3rd quarter. Invesco Ltd. now owns 1,106,851 shares of the technology company’s stock valued at $167,289,000 after acquiring an additional 147,143 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Jack Henry & Associates by 66.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 356,819 shares of the technology company’s stock valued at $58,308,000 after acquiring an additional 142,878 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $164.84 on Tuesday. The company’s 50-day moving average price is $171.14 and its 200-day moving average price is $162.86. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $178.37. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15. The company has a market cap of $12.01 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 3.88 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm had revenue of $545.70 million for the quarter, compared to the consensus estimate of $540.34 million. During the same period in the previous year, the firm posted $1.10 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.11 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were issued a $0.55 dividend. The ex-dividend date was Thursday, March 7th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.33%. Jack Henry & Associates’s payout ratio is 43.05%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Evercore ISI lifted their target price on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Citigroup assumed coverage on shares of Jack Henry & Associates in a research note on Thursday, January 18th. They set a “neutral” rating and a $177.00 target price on the stock. Robert W. Baird lifted their target price on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. TheStreet upgraded shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Finally, William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $172.42.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.