Oppenheimer Asset Management Inc. Increases Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Oppenheimer Asset Management Inc. grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,625 shares of the technology company’s stock after purchasing an additional 80 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Jack Henry & Associates were worth $1,598,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in JKHY. Vanguard Personalized Indexing Management LLC lifted its position in Jack Henry & Associates by 23.9% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 5,234 shares of the technology company’s stock worth $855,000 after buying an additional 1,008 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Jack Henry & Associates by 113.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,626 shares of the technology company’s stock worth $1,410,000 after acquiring an additional 4,580 shares during the last quarter. ING Groep NV raised its holdings in shares of Jack Henry & Associates by 3,585.1% during the 4th quarter. ING Groep NV now owns 9,176 shares of the technology company’s stock worth $1,499,000 after acquiring an additional 8,927 shares during the period. Norges Bank acquired a new position in shares of Jack Henry & Associates during the 4th quarter valued at about $11,319,000. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Jack Henry & Associates by 81.0% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,747 shares of the technology company’s stock valued at $449,000 after purchasing an additional 1,229 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Down 0.8 %

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

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The firm had revenue of $559.91 million for the quarter, compared to the consensus estimate of $563.37 million. During the same period in the prior year, the firm earned $1.34 EPS. Analysts predict that Jack Henry & Associates, Inc. will post 5.79 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.26%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.47%.

Wall Street Analysts Forecast Growth

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

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.