Quantbot Technologies LP Increases Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Quantbot Technologies LP increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 251.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,070 shares of the technology company’s stock after buying an additional 12,934 shares during the period. Quantbot Technologies LP’s holdings in Jack Henry & Associates were worth $3,000,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JKHY. Raymond James Trust N.A. boosted its stake in shares of Jack Henry & Associates by 1.3% during the 2nd quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock valued at $798,000 after buying an additional 60 shares during the last quarter. Taylor Frigon Capital Management LLC grew 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 acquiring an additional 62 shares in the last quarter. Czech National Bank increased its position in shares of Jack Henry & Associates by 0.5% in the 1st 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 increased its position in shares of Jack Henry & Associates by 1.0% in the 2nd quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock worth $1,100,000 after purchasing an additional 65 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted 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 worth $27,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Evercore ISI boosted their price objective on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Compass Point began coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target on the stock. StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $181.00 target price on shares of Jack Henry & Associates in a research note on Friday, September 6th. Finally, Keefe, Bruyette & Woods raised their price target 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $177.25.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY opened at $175.69 on Wednesday. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $178.37. The company has a market cap of $12.81 billion, a PE ratio of 33.92, a P/E/G ratio of 3.09 and a beta of 0.64. The stock has a 50 day simple moving average of $169.06 and a 200-day simple moving average of $167.76. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping 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 return on equity of 21.63% and a net margin of 17.23%. During the same quarter in the previous year, the firm posted $1.34 EPS. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.79 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.55 per share. The ex-dividend date is Friday, September 6th. This represents a $2.20 annualized dividend and a yield of 1.25%. Jack Henry & Associates’s payout ratio is 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.