International Assets Investment Management LLC Invests $63,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

International Assets Investment Management LLC acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 379 shares of the technology company’s stock, valued at approximately $63,000.

A number of other large investors also recently bought and sold shares of JKHY. iA Global Asset Management Inc. bought a new position in Jack Henry & Associates in the second quarter worth about $256,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Jack Henry & Associates by 187.4% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 17,747 shares of the technology company’s stock valued at $2,946,000 after acquiring an additional 11,573 shares in the last quarter. Taylor Frigon Capital Management LLC grew its holdings in Jack Henry & Associates by 0.9% in the second quarter. Taylor Frigon Capital Management LLC now owns 7,629 shares of the technology company’s stock worth $1,267,000 after purchasing an additional 71 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Jack Henry & Associates by 2.3% during the second quarter. Crossmark Global Holdings Inc. now owns 14,678 shares of the technology company’s stock worth $2,437,000 after purchasing an additional 333 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Jack Henry & Associates by 188.4% during the 2nd quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock valued at $46,819,000 after purchasing an additional 184,210 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on JKHY shares. Evercore ISI boosted their target price on 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. Keefe, Bruyette & Woods upped their price objective on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. Compass Point initiated coverage on shares of Jack Henry & Associates in a research note on Wednesday. They issued a “neutral” rating and a $186.00 target price for the company. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, May 8th. Finally, StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $177.25.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $174.09 on Thursday. The firm has a market capitalization of $12.69 billion, a P/E ratio of 33.61, a PEG ratio of 3.07 and a beta of 0.63. The stock has a 50-day simple moving average of $167.10 and a two-hundred day simple moving average of $167.72. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.39 and a current ratio of 1.00. 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, August 20th. The technology company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The company had revenue of $559.91 million during the quarter, compared to analysts’ expectations of $563.37 million. During the same period last year, the business earned $1.34 earnings per share. On average, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.79 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Friday, September 6th. 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.