Skandinaviska Enskilda Banken AB publ Has $18.52 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.4% during the second quarter, Holdings Channel reports. The firm owned 111,563 shares of the technology company’s stock after purchasing an additional 5,700 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Jack Henry & Associates were worth $18,522,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Strategic Financial Concepts LLC acquired a new position in Jack Henry & Associates during the second quarter valued at $25,000. Tortoise Investment Management LLC raised its position in Jack Henry & Associates by 76.3% during the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after buying an additional 71 shares during the period. New Covenant Trust Company N.A. acquired a new position in Jack Henry & Associates during the first quarter valued at $30,000. Blue Trust Inc. raised its position in Jack Henry & Associates by 148.9% during the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after buying an additional 134 shares during the period. Finally, Riverview Trust Co acquired a new position in Jack Henry & Associates during the first quarter valued at $51,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Evercore ISI upped their price target on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Keefe, Bruyette & Woods upped their price target on Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research report on Thursday, August 22nd. Compass Point started coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $181.00 target price on shares of Jack Henry & Associates in a research report on Friday, September 6th. Finally, StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $176.55.

Jack Henry & Associates Stock Performance

JKHY opened at $173.59 on Friday. The company has a market cap of $12.65 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64. The stock has a 50-day moving average of $169.70 and a 200-day moving average of $167.86. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.08. The company had revenue of $559.91 million during the quarter, compared to the consensus estimate of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same quarter in the prior year, the company posted $1.34 EPS. As a group, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.79 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.55 per share. The ex-dividend date is Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.47%.

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.