International Assets Investment Management LLC bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 111,609 shares of the technology company's stock, valued at approximately $18,238,000. International Assets Investment Management LLC owned 0.15% of Jack Henry & Associates as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JKHY. Planned Solutions Inc. bought a new stake in Jack Henry & Associates in the fourth quarter worth $33,000. NBC Securities Inc. purchased a new position in Jack Henry & Associates in the 3rd quarter worth about $30,000. Anchor Investment Management LLC bought a new position in Jack Henry & Associates during the 4th quarter valued at about $35,000. Federated Hermes Inc. purchased a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at about $72,000. Finally, Parkside Financial Bank & Trust lifted its position in Jack Henry & Associates by 25.4% during the third quarter. Parkside Financial Bank & Trust now owns 656 shares of the technology company's stock valued at $99,000 after purchasing an additional 133 shares during the period. 98.75% of the stock is currently owned by institutional investors.
Jack Henry & Associates Trading Up 1.0 %
Shares of NASDAQ:JKHY traded up $1.67 during trading hours on Friday, hitting $164.18. 359,286 shares of the company's stock traded hands, compared to its average volume of 342,624. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. The business has a fifty day moving average price of $169.52 and a 200-day moving average price of $163.94. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37. The firm has a market capitalization of $11.96 billion, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 3.84 and a beta of 0.66.
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 during the quarter, compared to analysts' expectations of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. Jack Henry & Associates's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 EPS. Equities analysts expect that Jack Henry & Associates, Inc. will post 5.12 earnings per share for the current year.
Jack Henry & Associates Increases Dividend
The company also recently announced 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 of this dividend was Thursday, March 7th. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a yield of 1.34%. Jack Henry & Associates's payout ratio is 43.05%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Robert W. Baird raised their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a "neutral" rating in a report on Wednesday, April 17th. Wolfe Research started coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They set a "peer perform" rating on the stock. Royal Bank of Canada boosted their price objective on Jack Henry & Associates from $161.00 to $181.00 and gave the company a "sector perform" rating in a research note on Thursday, February 8th. DA Davidson restated a "buy" rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Finally, StockNews.com downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday, April 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $174.42.
Get Our Latest Analysis on JKHY
Jack Henry & Associates Profile
(
Free Report)
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.
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