Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,323 shares of the technology company’s stock after acquiring an additional 392 shares during the period. Van ECK Associates Corp’s holdings in Jack Henry & Associates were worth $1,850,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in Jack Henry & Associates by 3.0% during the third quarter. Commonwealth Equity Services LLC now owns 8,572 shares of the technology company’s stock worth $1,296,000 after purchasing an additional 249 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Jack Henry & Associates by 0.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 41,501 shares of the technology company’s stock valued at $6,273,000 after acquiring an additional 127 shares in the last quarter. IFM Investors Pty Ltd raised its position in Jack Henry & Associates by 11.7% during the third quarter. IFM Investors Pty Ltd now owns 14,621 shares of the technology company’s stock worth $2,210,000 after acquiring an additional 1,531 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Jack Henry & Associates in the third quarter valued at approximately $823,000. Finally, Inspire Investing LLC increased its stake in shares of Jack Henry & Associates by 5.1% during the 3rd quarter. Inspire Investing LLC now owns 4,446 shares of the technology company’s stock worth $672,000 after purchasing an additional 217 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Down 0.0 %

JKHY opened at $165.59 on Thursday. The company has a market cap of $12.07 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 3.84 and a beta of 0.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37. The firm has a 50 day moving average price of $168.98 and a 200 day moving average price of $164.25.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The business had revenue of $538.56 million for the quarter, compared to the consensus estimate of $541.80 million. During the same quarter last year, the firm posted $1.12 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.12 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s payout ratio is currently 43.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. DA Davidson reissued a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Royal Bank of Canada lifted their price target on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a report on Thursday, February 8th. Robert W. Baird boosted 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. Evercore ISI raised their price objective on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Finally, Citigroup began coverage on Jack Henry & Associates in a research report on Thursday, January 18th. They set a “neutral” rating and a $177.00 target price on the stock. One investment 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, the company presently has an average rating of “Hold” and a consensus target price of $174.42.

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.