Robeco Institutional Asset Management B.V. Purchases 4,719 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Robeco Institutional Asset Management B.V. grew its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 11.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,375 shares of the technology company's stock after buying an additional 4,719 shares during the period. Robeco Institutional Asset Management B.V. owned 0.06% of Jack Henry & Associates worth $8,103,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in Jack Henry & Associates by 11.1% during the fourth quarter. Bank of New York Mellon Corp now owns 706,048 shares of the technology company's stock valued at $123,770,000 after purchasing an additional 70,540 shares in the last quarter. National Pension Service bought a new stake in shares of Jack Henry & Associates during the 4th quarter valued at $27,000. Oppenheimer & Co. Inc. raised its position in shares of Jack Henry & Associates by 0.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 12,702 shares of the technology company's stock valued at $2,227,000 after purchasing an additional 119 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at $5,931,000. Finally, Flputnam Investment Management Co. boosted its holdings in Jack Henry & Associates by 4.9% in the 4th quarter. Flputnam Investment Management Co. now owns 22,521 shares of the technology company's stock worth $3,948,000 after buying an additional 1,062 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Jack Henry & Associates Trading Up 1.1%

NASDAQ JKHY traded up $1.99 during trading hours on Thursday, hitting $181.41. 245,514 shares of the company were exchanged, compared to its average volume of 569,244. Jack Henry & Associates, Inc. has a 52 week low of $158.62 and a 52 week high of $196.00. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $179.11 and a 200 day moving average price of $175.99. The stock has a market cap of $13.21 billion, a PE ratio of 30.90, a price-to-earnings-growth ratio of 2.94 and a beta of 0.72.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS 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 firm had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. During the same quarter in the previous year, the business earned $1.19 EPS. The company's quarterly revenue was up 8.6% on a year-over-year basis. Analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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

Jack Henry & Associates Profile

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.