Flputnam Investment Management Co. Has $4 Million Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Flputnam Investment Management Co. grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 20.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 24,445 shares of the technology company’s stock after acquiring an additional 4,151 shares during the period. Flputnam Investment Management Co.’s holdings in Jack Henry & Associates were worth $3,995,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JKHY. Fairfield Bush & CO. bought a new stake in shares of Jack Henry & Associates in the 1st quarter valued at about $104,000. American Century Companies Inc. increased its stake in Jack Henry & Associates by 36.3% during the 1st quarter. American Century Companies Inc. now owns 6,383 shares of the technology company’s stock worth $1,258,000 after purchasing an additional 1,701 shares in the last quarter. Cetera Advisor Networks LLC bought a new stake in Jack Henry & Associates during the 1st quarter worth approximately $208,000. D.A. Davidson & CO. bought a new stake in Jack Henry & Associates during the 1st quarter worth approximately $225,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Jack Henry & Associates by 4.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,744 shares of the technology company’s stock worth $1,920,000 after purchasing an additional 451 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock traded up $0.13 during midday trading on Tuesday, reaching $165.17. The company’s stock had a trading volume of 14,431 shares, compared to its average volume of 433,870. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $178.37. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $171.81 and a 200-day moving average price of $162.20. The stock has a market cap of $12.04 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 3.93 and a beta of 0.66.

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

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were paid a $0.55 dividend. This is a positive change 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%. The ex-dividend date was Thursday, March 7th. Jack Henry & Associates’s payout ratio is currently 43.05%.

Analyst Ratings Changes

Several brokerages have recently weighed in on JKHY. Robert W. Baird reaffirmed a “neutral” rating and set a $176.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, January 30th. StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Friday. Wolfe Research started coverage on Jack Henry & Associates in a report on Thursday, March 7th. They issued a “peer perform” rating for the company. Citigroup started coverage on Jack Henry & Associates in a report on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price objective for the company. Finally, Evercore ISI increased their price objective on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and an average target price of $171.58.

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.