Penserra Capital Management LLC Boosts Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Penserra Capital Management LLC lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 928.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,340 shares of the technology company's stock after acquiring an additional 4,821 shares during the period. Penserra Capital Management LLC's holdings in Jack Henry & Associates were worth $974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Concurrent Investment Advisors LLC raised its position in shares of Jack Henry & Associates by 13.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 3,719 shares of the technology company's stock worth $679,000 after acquiring an additional 432 shares in the last quarter. World Investment Advisors increased its position in Jack Henry & Associates by 27.1% during the first quarter. World Investment Advisors now owns 1,808 shares of the technology company's stock worth $330,000 after buying an additional 386 shares during the period. IFM Investors Pty Ltd increased its position in Jack Henry & Associates by 7.4% during the first quarter. IFM Investors Pty Ltd now owns 12,500 shares of the technology company's stock worth $2,207,000 after buying an additional 865 shares during the period. OneDigital Investment Advisors LLC increased its position in Jack Henry & Associates by 22.7% during the first quarter. OneDigital Investment Advisors LLC now owns 2,481 shares of the technology company's stock worth $453,000 after buying an additional 459 shares during the period. Finally, Calamos Advisors LLC increased its position in Jack Henry & Associates by 1.1% during the first quarter. Calamos Advisors LLC now owns 44,849 shares of the technology company's stock worth $8,189,000 after buying an additional 496 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY traded down $4.37 during trading on Friday, reaching $175.19. The company had a trading volume of 439,436 shares, compared to its average volume of 570,607. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36. Jack Henry & Associates, Inc. has a fifty-two week low of $160.23 and a fifty-two week high of $196.00. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 2.90 and a beta of 0.72. The stock's fifty day moving average price is $180.10 and its 200 day moving average price is $176.14.

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

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were paid a $0.58 dividend. The ex-dividend date was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.32%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 39.52%.

Wall Street Analyst Weigh In

JKHY has been the topic of several research analyst reports. Wall Street Zen lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a research report on Wednesday, April 2nd. UBS Group cut 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. Finally, Keefe, Bruyette & Woods cut their price target on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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.