Intech Investment Management LLC Has $2.58 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Intech Investment Management LLC lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 48.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,536 shares of the technology company’s stock after selling 14,792 shares during the period. Intech Investment Management LLC’s holdings in Jack Henry & Associates were worth $2,579,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JKHY. Raymond James Trust N.A. boosted its holdings in shares of Jack Henry & Associates by 1.3% during the 2nd quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock valued at $798,000 after acquiring an additional 60 shares in the last quarter. Taylor Frigon Capital Management LLC boosted its stake in shares of Jack Henry & Associates by 0.8% during the first quarter. Taylor Frigon Capital Management LLC now owns 7,558 shares of the technology company’s stock valued at $1,313,000 after purchasing an additional 62 shares in the last quarter. Czech National Bank grew its holdings in shares of Jack Henry & Associates by 0.5% during the first quarter. Czech National Bank now owns 12,821 shares of the technology company’s stock worth $2,227,000 after purchasing an additional 65 shares during the last quarter. Advisor OS LLC increased its stake in shares of Jack Henry & Associates by 1.0% in the second quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock valued at $1,100,000 after buying an additional 65 shares during the period. Finally, Tortoise Investment Management LLC raised its holdings in Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after buying an additional 71 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on JKHY shares. Keefe, Bruyette & Woods boosted their target price on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a report on Thursday, August 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $181.00 price objective on shares of Jack Henry & Associates in a report on Friday, September 6th. Compass Point initiated coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 target price on the stock. Evercore ISI upped their price target 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. Finally, StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $176.55.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $173.59 on Monday. The firm has a market cap of $12.65 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The business’s 50 day moving average price is $169.70 and its two-hundred day moving average price 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.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.08. The company had revenue of $559.91 million for the quarter, compared to the consensus estimate of $563.37 million. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. During the same quarter in the previous year, the company earned $1.34 EPS. On average, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.79 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be given a dividend of $0.55 per share. 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 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.