Forsta AP Fonden Acquires 300 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Forsta AP Fonden raised its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.7% during the third quarter, Holdings Channel.com reports. The fund owned 11,300 shares of the technology company’s stock after purchasing an additional 300 shares during the period. Forsta AP Fonden’s holdings in Jack Henry & Associates were worth $1,995,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in shares of Jack Henry & Associates by 188.4% in the 2nd quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock worth $46,819,000 after purchasing an additional 184,210 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Jack Henry & Associates by 51.4% during the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock worth $83,665,000 after buying an additional 171,041 shares during the period. TD Asset Management Inc increased its stake in shares of Jack Henry & Associates by 25.6% in the 1st quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock valued at $118,894,000 after acquiring an additional 139,582 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Jack Henry & Associates by 6,680.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock valued at $19,158,000 after acquiring an additional 113,696 shares during the period. Finally, Tandem Investment Advisors Inc. boosted its stake in Jack Henry & Associates by 20.4% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company’s stock worth $83,496,000 after acquiring an additional 85,175 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

JKHY has been the subject of several recent analyst reports. Robert W. Baird upped their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Oppenheimer began coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective on the stock. Compass Point assumed coverage on Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price for the company. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods boosted their price objective 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. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $187.11.

Jack Henry & Associates Stock Up 0.1 %

Shares of JKHY opened at $182.78 on Thursday. 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, Inc. has a 52 week low of $138.95 and a 52 week high of $186.93. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 3.36 and a beta of 0.64. The stock has a fifty day moving average of $177.16 and a 200-day moving average of $169.71.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.08. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The firm had revenue of $559.91 million for the quarter, compared to analyst estimates of $563.37 million. During the same period in the previous year, the firm posted $1.34 EPS. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is presently 42.47%.

About Jack Henry & Associates

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.