IRON Financial LLC Acquires 3,664 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

IRON Financial LLC increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 303.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,870 shares of the technology company's stock after buying an additional 3,664 shares during the period. IRON Financial LLC's holdings in Jack Henry & Associates were worth $889,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Jack Henry & Associates by 582.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,222 shares of the technology company's stock worth $9,353,000 after purchasing an additional 43,721 shares during the period. Illinois Municipal Retirement Fund grew its stake in Jack Henry & Associates by 12.8% during the first quarter. Illinois Municipal Retirement Fund now owns 47,255 shares of the technology company's stock valued at $8,629,000 after acquiring an additional 5,347 shares in the last quarter. Diversified Trust Co bought a new stake in Jack Henry & Associates during the 1st quarter worth approximately $282,000. Board of the Pension Protection Fund boosted its holdings in Jack Henry & Associates by 51.4% in the 1st quarter. Board of the Pension Protection Fund now owns 5,600 shares of the technology company's stock valued at $1,023,000 after purchasing an additional 1,900 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Jack Henry & Associates by 11.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 44,375 shares of the technology company's stock valued at $8,103,000 after purchasing an additional 4,719 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Trading Up 1.1%

NASDAQ:JKHY traded up $1.99 during trading hours on Thursday, reaching $181.41. The company's stock had a trading volume of 245,514 shares, compared to its average volume of 569,244. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 2.94 and a beta of 0.72. The firm has a 50-day simple moving average of $179.11 and a 200-day simple moving average of $175.99. Jack Henry & Associates, Inc. has a 1 year low of $158.62 and a 1 year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. The firm had revenue of $585.09 million for the quarter, compared to analysts' expectations of $585.84 million. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $1.19 earnings per share. Research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 39.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Keefe, Bruyette & Woods lowered their price target on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective for the company in a report on Wednesday, April 2nd. Finally, UBS Group lowered their price target on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $185.11.

About Jack Henry & Associates

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.