Capital International Investors Boosts Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Capital International Investors lifted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 168,979 shares of the technology company’s stock after acquiring an additional 910 shares during the period. Capital International Investors’ holdings in Jack Henry & Associates were worth $29,357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of JKHY. Shell Asset Management Co. raised its holdings in Jack Henry & Associates by 20.7% in the 1st quarter. Shell Asset Management Co. now owns 9,874 shares of the technology company’s stock valued at $1,715,000 after buying an additional 1,696 shares during the period. Mattern Capital Management LLC raised its holdings in Jack Henry & Associates by 2.6% in the 1st quarter. Mattern Capital Management LLC now owns 47,692 shares of the technology company’s stock valued at $8,286,000 after buying an additional 1,229 shares during the period. MQS Management LLC raised its holdings in Jack Henry & Associates by 28.6% in the 1st quarter. MQS Management LLC now owns 2,632 shares of the technology company’s stock valued at $457,000 after buying an additional 585 shares during the period. UniSuper Management Pty Ltd raised its holdings in Jack Henry & Associates by 569.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 6,049 shares of the technology company’s stock valued at $1,051,000 after buying an additional 5,146 shares during the period. Finally, Davis R M Inc. raised its holdings in Jack Henry & Associates by 5.1% in the 1st quarter. Davis R M Inc. now owns 67,557 shares of the technology company’s stock valued at $11,737,000 after buying an additional 3,306 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 1.7 %

JKHY traded up $2.85 on Friday, reaching $170.33. The company’s stock had a trading volume of 237,151 shares, compared to its average volume of 429,969. The stock has a 50 day moving average of $165.24 and a two-hundred day moving average of $167.88. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 32.88, a P/E/G ratio of 3.95 and a beta of 0.63. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. The firm had revenue of $538.56 million during the quarter, compared to the consensus estimate of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 earnings per share. As a group, analysts forecast that Jack Henry & Associates, Inc. will post 5.19 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, May 28th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Friday, May 24th. Jack Henry & Associates’s dividend payout ratio (DPR) is 42.47%.

Analysts Set New Price Targets

A number of analysts have issued reports on JKHY shares. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, June 22nd. DA Davidson reiterated a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, May 8th. Evercore ISI boosted their price target on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Finally, Robert W. Baird boosted their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Jack Henry & Associates has an average rating of “Hold” and a consensus target price of $174.67.

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.