Public Sector Pension Investment Board Buys 1,189 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Public Sector Pension Investment Board increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 74.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,795 shares of the technology company’s stock after purchasing an additional 1,189 shares during the quarter. Public Sector Pension Investment Board’s holdings in Jack Henry & Associates were worth $464,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC bought a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at about $25,000. Tortoise Investment Management LLC lifted 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 during the last quarter. New Covenant Trust Company N.A. acquired a new stake in Jack Henry & Associates in the first quarter valued at approximately $30,000. Blue Trust Inc. grew its holdings in Jack Henry & Associates by 148.9% in the second 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 last quarter. Finally, Riverview Trust Co acquired a new position in shares of Jack Henry & Associates during the first quarter worth $51,000. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

JKHY has been the topic of several research analyst reports. Evercore ISI boosted their target price 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. Royal Bank of Canada restated a “sector perform” rating and set a $181.00 price objective on shares of Jack Henry & Associates in a report on Friday, September 6th. Compass Point initiated coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price for the company. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a 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 given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $180.00.

Jack Henry & Associates Stock Up 2.2 %

Jack Henry & Associates stock opened at $183.58 on Friday. The business’s 50-day moving average price is $171.22 and its 200 day moving average price is $168.09. 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 $13.38 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $183.75.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results 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 net margin of 17.23% and a return on equity of 21.63%. The firm had revenue of $559.91 million during the quarter, compared to analyst estimates of $563.37 million. During the same period in the previous year, the firm earned $1.34 EPS. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.47%.

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.