International Assets Investment Management LLC Buys New Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

International Assets Investment Management LLC purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 111,609 shares of the technology company's stock, valued at approximately $18,238,000. International Assets Investment Management LLC owned about 0.15% of Jack Henry & Associates as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JKHY. Boston Trust Walden Corp grew its holdings in Jack Henry & Associates by 1.1% during the 4th quarter. Boston Trust Walden Corp now owns 197,718 shares of the technology company's stock worth $32,309,000 after acquiring an additional 2,231 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Jack Henry & Associates by 5.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 30,042 shares of the technology company's stock worth $4,923,000 after purchasing an additional 1,529 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Jack Henry & Associates by 0.6% during the fourth quarter. Arizona State Retirement System now owns 20,008 shares of the technology company's stock worth $3,270,000 after purchasing an additional 126 shares during the period. GAM Holding AG increased its holdings in Jack Henry & Associates by 10.8% in the fourth quarter. GAM Holding AG now owns 16,386 shares of the technology company's stock valued at $2,678,000 after purchasing an additional 1,598 shares during the last quarter. Finally, Trueblood Wealth Management LLC acquired a new position in Jack Henry & Associates in the fourth quarter valued at about $244,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Friday. Evercore ISI boosted their price objective on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an "in-line" rating in a report on Tuesday, March 26th. Robert W. Baird reiterated a "neutral" rating and issued a $176.00 target price on shares of Jack Henry & Associates in a report on Tuesday, January 30th. TheStreet raised shares of Jack Henry & Associates from a "c+" rating to a "b-" rating in a report on Friday, December 29th. Finally, Royal Bank of Canada raised their price objective on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $171.58.

Jack Henry & Associates Stock Down 1.5 %

Shares of NASDAQ:JKHY traded down $2.48 during mid-day trading on Friday, reaching $167.57. 303,676 shares of the stock were exchanged, compared to its average volume of 441,925. The stock's 50 day simple moving average is $171.77 and its 200-day simple moving average is $161.87. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37. The company has a market cap of $12.21 billion, a P/E ratio of 32.78, a P/E/G ratio of 4.00 and a beta of 0.66. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.12. The company had revenue of $545.70 million for the quarter, compared to the consensus estimate of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. As a group, equities research analysts predict that Jack Henry & Associates, Inc. will post 5.11 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, March 7th. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.52. This represents a $2.20 annualized dividend and a yield of 1.31%. Jack Henry & Associates's payout ratio is 43.05%.

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.