7,500 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Acquired by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,500 shares of the technology company’s stock, valued at approximately $1,245,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tortoise Investment Management LLC increased 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 worth $27,000 after buying an additional 71 shares during the period. New Covenant Trust Company N.A. acquired a new stake in shares of Jack Henry & Associates during the 1st quarter worth approximately $30,000. Blue Trust Inc. grew its stake in shares of 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 purchasing an additional 134 shares during the period. Riverview Trust Co acquired a new stake in shares of Jack Henry & Associates during the 1st quarter worth approximately $51,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Jack Henry & Associates during the 2nd quarter worth approximately $63,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 0.7 %

NASDAQ JKHY opened at $174.85 on Tuesday. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $178.37. 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 business’s fifty day simple moving average is $169.85 and its 200-day simple moving average is $167.79. The firm has a market cap of $12.75 billion, a PE ratio of 33.75, a P/E/G ratio of 3.09 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly 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 business had revenue of $559.91 million for the quarter, compared to analyst estimates of $563.37 million. During the same quarter in the previous year, the firm earned $1.34 EPS. As a group, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.79 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.55 per share. The ex-dividend date is Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.26%. Jack Henry & Associates’s dividend payout ratio is presently 42.47%.

Wall Street Analyst Weigh In

JKHY has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed 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. Keefe, Bruyette & Woods raised their price objective on shares of 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. Evercore ISI lifted their price target on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Compass Point began coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target on the stock. Finally, StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $176.55.

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.