Epoch Investment Partners Inc. Grows Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Epoch Investment Partners Inc. lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 360,138 shares of the technology company’s stock after buying an additional 808 shares during the period. Epoch Investment Partners Inc. owned 0.49% of Jack Henry & Associates worth $59,790,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Asset Management Inc lifted its holdings in shares of Jack Henry & Associates by 327.7% during the 4th quarter. TD Asset Management Inc now owns 544,781 shares of the technology company’s stock worth $89,023,000 after acquiring an additional 417,401 shares during the period. APG Asset Management US Inc. purchased a new stake in shares of Jack Henry & Associates during the 4th quarter valued at $54,552,000. Balyasny Asset Management L.P. increased its holdings in shares of Jack Henry & Associates by 96.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 565,659 shares of the technology company’s stock worth $92,434,000 after buying an additional 277,945 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Jack Henry & Associates by 188.4% in the 2nd quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock worth $46,819,000 after buying an additional 184,210 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Jack Henry & Associates by 32.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock valued at $115,299,000 after acquiring an additional 171,477 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JKHY has been the topic of a number of research reports. Keefe, Bruyette & Woods lifted their price objective on 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $181.00 price objective on shares of Jack Henry & Associates in a research note on Friday, September 6th. Compass Point initiated coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price on the stock. Evercore ISI upped their price target 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. Finally, StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $176.55.

Jack Henry & Associates Trading Down 1.1 %

NASDAQ:JKHY opened at $173.59 on Monday. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37. The business’s 50-day simple moving average is $169.70 and its 200 day simple moving average is $167.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $12.65 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.30 by $0.08. The company had revenue of $559.91 million during the quarter, compared to analysts’ expectations of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same period in the prior year, the business posted $1.34 EPS. As a group, sell-side analysts predict 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. Stockholders of record on Friday, September 6th will be paid 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 dividend yield of 1.27%. Jack Henry & Associates’s dividend payout ratio (DPR) 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.