Jack Henry & Associates, Inc. (JKHY) Holdings Lifted by AMP Capital Investors Ltd

AMP Capital Investors Ltd boosted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 16.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,375 shares of the technology company’s stock after purchasing an additional 5,926 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.05% of Jack Henry & Associates worth $6,745,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. boosted its stake in Jack Henry & Associates by 1.8% in the 3rd quarter. BlackRock Inc. now owns 9,157,589 shares of the technology company’s stock worth $1,465,948,000 after purchasing an additional 163,238 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Jack Henry & Associates by 5.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 910,874 shares of the technology company’s stock worth $145,839,000 after purchasing an additional 44,148 shares during the period. Northern Trust Corp boosted its stake in Jack Henry & Associates by 1.0% in the 2nd quarter. Northern Trust Corp now owns 769,516 shares of the technology company’s stock worth $100,315,000 after purchasing an additional 7,296 shares during the period. Bank of America Corp DE boosted its stake in Jack Henry & Associates by 11.0% in the 2nd quarter. Bank of America Corp DE now owns 513,040 shares of the technology company’s stock worth $66,880,000 after purchasing an additional 50,808 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Jack Henry & Associates by 36.0% in the 3rd quarter. Acadian Asset Management LLC now owns 338,295 shares of the technology company’s stock worth $54,155,000 after purchasing an additional 89,617 shares during the period. Institutional investors and hedge funds own 91.32% of the company’s stock.

NASDAQ JKHY opened at $133.75 on Friday. The company has a market cap of $10.58 billion, a PE ratio of 37.26, a PEG ratio of 3.32 and a beta of 0.91. Jack Henry & Associates, Inc. has a one year low of $112.78 and a one year high of $163.68.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 6th. The technology company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.15. The firm had revenue of $392.54 million during the quarter, compared to the consensus estimate of $385.12 million. Jack Henry & Associates had a return on equity of 24.13% and a net margin of 25.29%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 EPS. On average, sell-side analysts predict that Jack Henry & Associates, Inc. will post 3.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Monday, December 3rd will be given a dividend of $0.37 per share. The ex-dividend date is Friday, November 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.11%. Jack Henry & Associates’s dividend payout ratio is currently 41.23%.

Several research firms have weighed in on JKHY. BidaskClub upgraded Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 10th. Cantor Fitzgerald reiterated a “buy” rating and set a $141.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, August 21st. Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a research report on Tuesday, August 14th. ValuEngine upgraded Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 24th. Finally, Wells Fargo & Co increased their target price on Jack Henry & Associates from $110.00 to $160.00 and gave the company a “market perform” rating in a research report on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $143.00.

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About Jack Henry & Associates

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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