TD Asset Management Inc lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) by 6.3% during the second quarter, Holdings Channel reports. The firm owned 641,242 shares of the technology company’s stock after selling 43,121 shares during the quarter. TD Asset Management Inc’s holdings in Jack Henry & Associates were worth $106,459,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Tortoise Investment Management LLC increased its position in shares of Jack Henry & Associates by 76.3% during the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after purchasing an additional 71 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of Jack Henry & Associates during the first quarter worth about $30,000. Blue Trust Inc. increased its position in shares of Jack Henry & Associates by 148.9% during the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after purchasing an additional 134 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $44,000. Finally, Riverview Trust Co acquired a new stake in shares of Jack Henry & Associates during the first quarter worth about $51,000. Institutional investors and hedge funds own 98.75% of the company’s stock.
Wall Street Analysts Forecast Growth
JKHY has been the topic of a number of research analyst reports. Compass Point initiated coverage on Jack Henry & Associates in a research report on Wednesday. They set a “neutral” rating and a $186.00 target price on the stock. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Evercore ISI lifted their target price on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Finally, Keefe, Bruyette & Woods boosted their target price on Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $177.25.
Jack Henry & Associates Price Performance
Shares of JKHY opened at $173.21 on Friday. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $178.37. The stock’s 50 day moving average is $167.24 and its two-hundred day moving average is $167.76. The firm has a market capitalization of $12.63 billion, a PE ratio of 33.44, a P/E/G ratio of 3.07 and a beta of 0.63. The company has a current ratio of 1.00, a quick ratio of 1.39 and a debt-to-equity ratio of 0.03.
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $563.37 million. During the same quarter in the previous year, the company earned $1.34 EPS. Research analysts anticipate 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. Stockholders 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 dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, September 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is 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.
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