Daiwa Securities Group Inc. Boosts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Daiwa Securities Group Inc. increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) by 6.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 4,547 shares of the technology company’s stock after purchasing an additional 262 shares during the period. Daiwa Securities Group Inc.’s holdings in Jack Henry & Associates were worth $896,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in JKHY. JPMorgan Chase & Co. lifted its position in shares of Jack Henry & Associates by 195.9% in the fourth quarter. JPMorgan Chase & Co. now owns 585,353 shares of the technology company’s stock worth $97,748,000 after buying an additional 387,502 shares in the last quarter. Scout Investments Inc. bought a new stake in Jack Henry & Associates during the first quarter worth approximately $53,900,000. Walker Asset Management LLC bought a new stake in Jack Henry & Associates during the first quarter worth approximately $48,884,000. Millennium Management LLC increased its stake in Jack Henry & Associates by 1,208.7% during the fourth quarter. Millennium Management LLC now owns 228,490 shares of the technology company’s stock worth $38,156,000 after acquiring an additional 211,031 shares during the last quarter. Finally, ETF Managers Group LLC increased its stake in Jack Henry & Associates by 2,547.1% during the fourth quarter. ETF Managers Group LLC now owns 113,956 shares of the technology company’s stock worth $19,113,000 after acquiring an additional 109,651 shares during the last quarter. 89.58% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Up 0.5 %

Shares of NASDAQ JKHY opened at $199.69 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $14.55 billion, a price-to-earnings ratio of 40.92, a PEG ratio of 4.28 and a beta of 0.58. The stock has a 50 day moving average price of $183.57 and a 200 day moving average price of $182.11. Jack Henry & Associates, Inc. has a 52-week low of $147.50 and a 52-week high of $205.37.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The technology company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.10. The firm had revenue of $478.30 million during the quarter, compared to analyst estimates of $475.52 million. Jack Henry & Associates had a return on equity of 27.04% and a net margin of 18.81%. Jack Henry & Associates’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 earnings per share. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 4.72 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 14th. Shareholders of record on Friday, May 27th were issued a dividend of $0.49 per share. The ex-dividend date was Thursday, May 26th. This represents a $1.96 dividend on an annualized basis and a yield of 0.98%. Jack Henry & Associates’s dividend payout ratio is currently 40.16%.

Analysts Set New Price Targets

JKHY has been the topic of several analyst reports. Morgan Stanley initiated coverage on Jack Henry & Associates in a research note on Wednesday, June 15th. They set an “equal weight” rating and a $190.00 price objective on the stock. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $185.11.

Jack Henry & Associates Company Profile

(Get Rating)

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

Further Reading

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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