Tredje AP fonden Lowers Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Tredje AP fonden trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,451 shares of the technology company’s stock after selling 179 shares during the quarter. Tredje AP fonden’s holdings in Jack Henry & Associates were worth $1,901,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. boosted its position in Jack Henry & Associates by 2.1% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,738 shares of the technology company’s stock worth $3,941,000 after purchasing an additional 478 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Jack Henry & Associates by 251.8% during the second quarter. Quantbot Technologies LP now owns 18,070 shares of the technology company’s stock valued at $3,000,000 after acquiring an additional 12,934 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Jack Henry & Associates by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 515,586 shares of the technology company’s stock valued at $85,602,000 after acquiring an additional 30,359 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Jack Henry & Associates by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company’s stock worth $175,342,000 after acquiring an additional 23,617 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Jack Henry & Associates by 0.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 9,625 shares of the technology company’s stock valued at $1,598,000 after buying an additional 80 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Down 1.1 %

NASDAQ:JKHY opened at $173.59 on Friday. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $178.37. The stock’s fifty day moving average is $169.70 and its two-hundred day moving average is $167.86. The stock has a market capitalization of $12.65 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last posted its 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 firm had revenue of $559.91 million for the quarter, compared to analyst estimates 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 earned $1.34 EPS. Research analysts anticipate that Jack Henry & Associates, Inc. will post 5.79 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, September 6th. Jack Henry & Associates’s payout ratio is currently 42.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on JKHY shares. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $181.00 price target on shares of Jack Henry & Associates in a report on Friday, September 6th. Compass Point began coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price objective for the company. Evercore ISI lifted their target price 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, Keefe, Bruyette & Woods increased their price target on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $176.55.

Jack Henry & Associates Company 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.