111,609 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 111,609 shares of the technology company’s stock, valued at approximately $18,238,000.

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in shares of Jack Henry & Associates by 1,587.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 347,018 shares of the technology company’s stock worth $56,706,000 after buying an additional 326,448 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Jack Henry & Associates by 21.1% during the third quarter. Envestnet Asset Management Inc. now owns 1,043,098 shares of the technology company’s stock valued at $157,654,000 after acquiring an additional 181,811 shares during the period. Invesco Ltd. grew its position in Jack Henry & Associates by 15.3% during the third quarter. Invesco Ltd. now owns 1,106,851 shares of the technology company’s stock valued at $167,289,000 after acquiring an additional 147,143 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in Jack Henry & Associates by 4,881.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 127,730 shares of the technology company’s stock worth $19,305,000 after acquiring an additional 125,166 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Jack Henry & Associates by 16.1% in the 3rd quarter. Nordea Investment Management AB now owns 545,605 shares of the technology company’s stock worth $82,779,000 after purchasing an additional 75,735 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $164.18 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37. The business has a 50 day moving average price of $169.52 and a two-hundred day moving average price of $163.82. The firm has a market cap of $11.96 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 3.80 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. The business had revenue of $545.70 million during the quarter, compared to the consensus estimate of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.12 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 annualized dividend and a dividend yield of 1.34%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s payout ratio is presently 43.05%.

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of research analyst reports. Wolfe Research began coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They set a “peer perform” rating for the company. Evercore ISI raised their target price on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Royal Bank of Canada lifted their target price on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. Robert W. Baird increased their price target on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Finally, DA Davidson restated a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $174.42.

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.