Penserra Capital Management LLC Has $974,000 Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Penserra Capital Management LLC raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 928.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,340 shares of the technology company's stock after acquiring an additional 4,821 shares during the quarter. Penserra Capital Management LLC's holdings in Jack Henry & Associates were worth $974,000 as of its most recent filing with the SEC.

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

Jack Henry & Associates Stock Down 2.4%

Shares of Jack Henry & Associates stock traded down $4.37 on Friday, reaching $175.19. 439,436 shares of the company were exchanged, compared to its average volume of 571,569. Jack Henry & Associates, Inc. has a one year low of $160.23 and a one year high of $196.00. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 29.84, a PEG ratio of 2.83 and a beta of 0.72. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $180.10 and a 200 day moving average of $176.12.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping 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 business had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same period in the previous year, the firm earned $1.19 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio is 39.52%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price for the company in a research note on Wednesday, April 2nd. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Sunday. UBS Group reduced their target price on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, Keefe, Bruyette & Woods decreased their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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.