Royal London Asset Management Ltd. Increases Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Royal London Asset Management Ltd. increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,565 shares of the technology company’s stock after acquiring an additional 265 shares during the period. Royal London Asset Management Ltd.’s holdings in Jack Henry & Associates were worth $5,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of JKHY. Strategic Financial Concepts LLC bought a new stake in Jack Henry & Associates during the 2nd quarter worth approximately $25,000. Tortoise Investment Management LLC increased its holdings in Jack Henry & Associates by 76.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after acquiring an additional 71 shares during the period. New Covenant Trust Company N.A. bought a new stake in Jack Henry & Associates during the 1st quarter worth approximately $30,000. Blue Trust Inc. increased its holdings in Jack Henry & Associates by 148.9% during the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after acquiring an additional 134 shares during the period. Finally, Riverview Trust Co bought a new stake in Jack Henry & Associates during the 1st quarter worth approximately $51,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 0.3 %

Shares of JKHY opened at $176.07 on Friday. Jack Henry & Associates, Inc. has a 1-year low of $136.57 and a 1-year high of $178.37. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average price is $168.54 and its 200-day moving average price is $167.80. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 3.09 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, beating 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 business had revenue of $559.91 million for the quarter, compared to analysts’ expectations of $563.37 million. During the same period in the previous year, the firm posted $1.34 EPS. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.79 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Friday, September 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.47%.

Wall Street Analyst Weigh In

JKHY has been the topic of a number of research analyst reports. Evercore ISI increased 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 report on Tuesday, June 25th. Compass Point initiated coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target on the stock. Keefe, Bruyette & Woods increased their price target 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. StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $181.00 price target on shares of Jack Henry & Associates in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $177.25.

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.