Acadian Asset Management LLC Acquires 1,355 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Acadian Asset Management LLC boosted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 81.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,014 shares of the technology company’s stock after acquiring an additional 1,355 shares during the period. Acadian Asset Management LLC’s holdings in Jack Henry & Associates were worth $499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC increased its holdings in shares of Jack Henry & Associates by 352.2% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 12,222 shares of the technology company’s stock valued at $1,997,000 after purchasing an additional 9,519 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Jack Henry & Associates by 6,680.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock worth $19,158,000 after buying an additional 113,696 shares during the period. Boston Trust Walden Corp grew its stake in Jack Henry & Associates by 3.0% in the 2nd quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company’s stock valued at $35,318,000 after buying an additional 6,173 shares during the last quarter. GLOBALT Investments LLC GA bought a new position in Jack Henry & Associates in the 4th quarter valued at about $2,634,000. Finally, Norden Group LLC acquired a new stake in Jack Henry & Associates during the first quarter worth approximately $1,411,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on JKHY shares. Evercore ISI upped their target price on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $181.00 price objective on shares of Jack Henry & Associates in a report on Friday, September 6th. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods upped their price target on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, August 22nd. Finally, Compass Point assumed coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates presently has an average rating of “Hold” and a consensus price target of $176.55.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $174.21 on Thursday. The firm’s 50 day simple moving average is $169.32 and its 200 day simple moving average is $167.81. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 33.63, a P/E/G ratio of 3.09 and a beta of 0.64. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results 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 firm had revenue of $559.91 million for the quarter, compared to the consensus estimate of $563.37 million. During the same quarter last year, the business posted $1.34 EPS. As a group, research analysts expect that Jack Henry & Associates, Inc. will post 5.79 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a $0.55 dividend. 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 is presently 42.47%.

Jack Henry & Associates Company 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.