Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 863,800 shares of the technology company’s stock after buying an additional 66,600 shares during the period. Jack Henry & Associates comprises about 0.6% of Handelsbanken Fonder AB’s portfolio, making the stock its 22nd largest holding. Handelsbanken Fonder AB owned 1.18% of Jack Henry & Associates worth $152,495,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Tortoise Investment Management LLC raised its position in Jack Henry & Associates by 76.3% during the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after acquiring an additional 71 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of Jack Henry & Associates in the 1st quarter valued at $30,000. Blue Trust Inc. boosted its holdings in Jack Henry & Associates by 148.9% during the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after buying an additional 134 shares in the last quarter. Riverview Trust Co purchased a new stake in Jack Henry & Associates during the first quarter worth $51,000. Finally, International Assets Investment Management LLC acquired a new stake in Jack Henry & Associates during the second quarter valued at $63,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY traded down $1.44 during midday trading on Friday, hitting $182.14. The company had a trading volume of 526,979 shares, compared to its average volume of 441,593. The business’s 50-day simple moving average is $171.45 and its 200-day simple moving average is $168.17. The stock has a market cap of $13.28 billion, a price-to-earnings ratio of 35.16, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $184.82.

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. On average, research analysts predict that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.21%. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JKHY. Evercore ISI increased their target price on shares of 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. StockNews.com upgraded shares of 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 issued a $181.00 target price on shares of Jack Henry & Associates in a research report on Friday, September 6th. Oppenheimer began coverage on shares of Jack Henry & Associates in a research report on Tuesday. They set an “outperform” rating and a $206.00 price target for the company. Finally, Compass Point started 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $180.00.

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.