Amica Mutual Insurance Co. Acquires Shares of 19,984 Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Amica Mutual Insurance Co. bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 4th quarter, HoldingsChannel reports. The fund bought 19,984 shares of the technology company’s stock, valued at approximately $3,266,000.

Other hedge funds have also made changes to their positions in the company. Schwartz Investment Counsel Inc. boosted its stake in Jack Henry & Associates by 14.5% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 266,350 shares of the technology company’s stock worth $43,524,000 after purchasing an additional 33,700 shares in the last quarter. Nordea Investment Management AB grew its holdings in Jack Henry & Associates by 16.1% during the 3rd quarter. Nordea Investment Management AB now owns 545,605 shares of the technology company’s stock worth $82,779,000 after acquiring an additional 75,735 shares during the last quarter. Inspire Investing LLC grew its holdings in Jack Henry & Associates by 5.1% during the 3rd quarter. Inspire Investing LLC now owns 4,446 shares of the technology company’s stock worth $672,000 after acquiring an additional 217 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in Jack Henry & Associates by 202.0% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,106 shares of the technology company’s stock valued at $1,527,000 after acquiring an additional 6,760 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Jack Henry & Associates by 16.9% in the third quarter. LPL Financial LLC now owns 41,146 shares of the technology company’s stock worth $6,210,000 after acquiring an additional 5,960 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 0.8 %

Shares of JKHY stock traded up $1.24 on Monday, reaching $166.12. The company had a trading volume of 291,067 shares, compared to its average volume of 423,856. The stock has a market cap of $12.11 billion, a PE ratio of 32.27, a PEG ratio of 3.87 and a beta of 0.66. The company has a 50-day moving average of $170.50 and a 200-day moving average of $163.35. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37.

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

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were given a $0.55 dividend. The ex-dividend date was Thursday, March 7th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s dividend payout ratio is currently 43.05%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Evercore ISI increased their price target 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. Royal Bank of Canada increased their price objective on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. Citigroup initiated coverage on Jack Henry & Associates in a research note on Thursday, January 18th. They set a “neutral” rating and a $177.00 price target on the stock. Finally, StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus target price of $172.42.

Jack Henry & Associates Profile

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.