Meiji Yasuda Asset Management Co Ltd. Acquires 1,319 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,238 shares of the technology company’s stock after acquiring an additional 1,319 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Jack Henry & Associates were worth $4,424,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in JKHY. Fortitude Family Office LLC lifted its position in Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after purchasing an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Jack Henry & Associates during the 3rd quarter valued at $26,000. National Pension Service purchased a new stake in Jack Henry & Associates during the 4th quarter valued at $27,000. ORG Partners LLC bought a new position in shares of Jack Henry & Associates during the 4th quarter valued at $35,000. Finally, Atala Financial Inc purchased a new position in shares of Jack Henry & Associates in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on JKHY. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Finally, Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $174.78 on Wednesday. The business has a 50-day moving average price of $174.26 and a 200-day moving average price of $176.22. The firm has a market cap of $12.74 billion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03.

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

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were issued a $0.58 dividend. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates’s payout ratio is currently 41.88%.

Jack Henry & Associates Company 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.