Jack Henry & Associates, Inc. (NASDAQ:JKHY) Holdings Raised by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,563 shares of the technology company’s stock after acquiring an additional 5,700 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.15% of Jack Henry & Associates worth $18,522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Tortoise Investment Management LLC grew its stake 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 buying an additional 71 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in Jack Henry & Associates during the 1st quarter worth $30,000. Blue Trust Inc. grew its stake 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 buying an additional 134 shares during the last quarter. Riverview Trust Co bought a new position in Jack Henry & Associates during the 1st quarter worth $51,000. Finally, International Assets Investment Management LLC bought a new position in Jack Henry & Associates during the 2nd quarter worth $63,000. 98.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on JKHY. Evercore ISI upped their price objective on Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Compass Point assumed coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target for the company. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $181.00 price target on shares of Jack Henry & Associates in a research report on Friday, September 6th. Finally, Keefe, Bruyette & Woods boosted their price target on Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $176.55.

Jack Henry & Associates Trading Down 1.1 %

Shares of Jack Henry & Associates stock opened at $173.59 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The firm 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. The business has a fifty day simple moving average of $169.70 and a 200-day simple moving average of $167.86. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last announced 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. The business had revenue of $559.91 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $1.34 earnings per share. On average, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.79 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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 given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, September 6th. 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.