Intech Investment Management LLC Has $2.58 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Intech Investment Management LLC decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 48.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,536 shares of the technology company’s stock after selling 14,792 shares during the period. Intech Investment Management LLC’s holdings in Jack Henry & Associates were worth $2,579,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Raymond James Trust N.A. increased its position in shares of Jack Henry & Associates by 1.3% during the second quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock worth $798,000 after acquiring an additional 60 shares in the last quarter. Taylor Frigon Capital Management LLC increased its holdings in Jack Henry & Associates by 0.8% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 7,558 shares of the technology company’s stock worth $1,313,000 after purchasing an additional 62 shares in the last quarter. Czech National Bank raised its stake in shares of Jack Henry & Associates by 0.5% in the first quarter. Czech National Bank now owns 12,821 shares of the technology company’s stock worth $2,227,000 after purchasing an additional 65 shares during the last quarter. Advisor OS LLC lifted its holdings in shares of Jack Henry & Associates by 1.0% in the second quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock valued at $1,100,000 after purchasing an additional 65 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its position in shares of 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 buying an additional 71 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on JKHY. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Royal Bank of Canada reissued a “sector perform” rating and set a $181.00 price target on shares of Jack Henry & Associates in a research report on Friday, September 6th. Keefe, Bruyette & Woods upped 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 report on Thursday, August 22nd. Compass Point initiated coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 target price on the stock. Finally, Evercore ISI increased their price target on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $176.55.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $173.59 on Monday. The business has a fifty day moving average price of $169.70 and a 200-day moving average price of $167.78. The firm has a market capitalization of $12.65 billion, a P/E ratio of 33.51, a PEG 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 one year low of $136.57 and a one year high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.08. The company had revenue of $559.91 million during the quarter, compared to analyst estimates of $563.37 million. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. During the same period last year, the business earned $1.34 earnings per share. As a group, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.79 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, September 6th. Jack Henry & Associates’s payout ratio is 42.47%.

About Jack Henry & Associates

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.