Amica Mutual Insurance Co. Takes $3.27 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Amica Mutual Insurance Co. purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 19,984 shares of the technology company’s stock, valued at approximately $3,266,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Jack Henry & Associates by 1.3% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,742,546 shares of the technology company’s stock worth $565,648,000 after buying an additional 46,534 shares during the last quarter. Invesco Ltd. lifted its holdings in Jack Henry & Associates by 15.3% in the third quarter. Invesco Ltd. now owns 1,106,851 shares of the technology company’s stock worth $167,289,000 after acquiring an additional 147,143 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Jack Henry & Associates by 21.1% in the third 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. Northern Trust Corp grew its holdings in shares of Jack Henry & Associates by 3.5% during the third quarter. Northern Trust Corp now owns 818,737 shares of the technology company’s stock valued at $123,744,000 after purchasing an additional 28,017 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of Jack Henry & Associates by 10.9% during the 4th quarter. Handelsbanken Fonder AB now owns 764,600 shares of the technology company’s stock worth $124,943,000 after purchasing an additional 75,200 shares during the period. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Price Performance

Shares of JKHY traded up $1.24 during trading hours on Monday, hitting $166.12. 291,067 shares of the company were exchanged, compared to its average volume of 423,856. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $12.11 billion, a PE ratio of 32.27, a PEG ratio of 3.87 and a beta of 0.66. The firm has a fifty day simple moving average of $170.50 and a 200-day simple moving average of $163.35. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share 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 business had revenue of $545.70 million during the quarter, compared to analyst estimates of $540.34 million. During the same quarter last year, the company posted $1.10 EPS. Jack Henry & Associates’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s dividend payout ratio is 43.05%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JKHY. Wolfe Research assumed coverage on Jack Henry & Associates in a research note on Thursday, March 7th. They issued a “peer perform” rating on the stock. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, April 20th. Robert W. Baird increased their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Citigroup initiated coverage on Jack Henry & Associates in a research report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price target for the company. Finally, William Blair reissued 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.