Parallel Advisors LLC Has $337,000 Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Parallel Advisors LLC lifted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 73.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,027 shares of the technology company’s stock after buying an additional 855 shares during the quarter. Parallel Advisors LLC’s holdings in Jack Henry & Associates were worth $337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of JKHY. Meeder Asset Management Inc. lifted its position in Jack Henry & Associates by 552.9% during the second quarter. Meeder Asset Management Inc. now owns 2,109 shares of the technology company’s stock worth $350,000 after acquiring an additional 1,786 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Jack Henry & Associates by 5.3% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 12,530 shares of the technology company’s stock worth $2,080,000 after purchasing an additional 634 shares during the last quarter. Achmea Investment Management B.V. boosted its stake in Jack Henry & Associates by 22.2% in the 2nd quarter. Achmea Investment Management B.V. now owns 4,942 shares of the technology company’s stock valued at $821,000 after purchasing an additional 897 shares during the period. Jupiter Asset Management Ltd. grew its holdings in Jack Henry & Associates by 0.6% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 236,538 shares of the technology company’s stock valued at $39,270,000 after buying an additional 1,412 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Jack Henry & Associates by 10.2% during the 2nd quarter. American Century Companies Inc. now owns 22,554 shares of the technology company’s stock worth $3,744,000 after buying an additional 2,079 shares during the period. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Evercore ISI increased their target price on shares of 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 began coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 target price on the stock. Royal Bank of Canada reiterated 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. Finally, Keefe, Bruyette & Woods raised their price objective on Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and an average price target of $176.55.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $174.21 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $178.37. The stock has a market capitalization of $12.70 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64. The stock has a fifty day moving average of $169.32 and a 200-day moving average of $167.81.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $563.37 million. During the same quarter in the previous year, the firm earned $1.34 earnings per share. On average, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.79 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.55 per share. The ex-dividend date is Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.26%. Jack Henry & Associates’s 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.