Robeco Institutional Asset Management B.V. Purchases 7,082 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Robeco Institutional Asset Management B.V. boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 19.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,333 shares of the technology company’s stock after acquiring an additional 7,082 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Jack Henry & Associates were worth $7,827,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new position in shares of Jack Henry & Associates in the 2nd quarter valued at about $25,000. Tortoise Investment Management LLC lifted its holdings in Jack Henry & Associates by 76.3% in the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after buying an additional 71 shares during the period. New Covenant Trust Company N.A. bought a new position in Jack Henry & Associates in the first quarter valued at approximately $30,000. Blue Trust Inc. boosted its stake in Jack Henry & Associates by 148.9% in the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after acquiring an additional 134 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Jack Henry & Associates during the 2nd quarter worth $63,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Down 0.2 %

Shares of NASDAQ:JKHY opened at $179.97 on Friday. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 3.38 and a beta of 0.63. Jack Henry & Associates, Inc. has a 12 month low of $146.46 and a 12 month high of $189.63. The company’s fifty day simple moving average is $179.13 and its 200 day simple moving average is $170.51. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 5.82 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a dividend of $0.55 per share. The ex-dividend date was Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.22%. Jack Henry & Associates’s dividend payout ratio is currently 42.15%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on JKHY shares. Stephens reissued an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada boosted their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Thursday. UBS Group increased their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $188.73.

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.