Investec Asset Management LTD Has $13.45 Million Position in Jack Henry & Associates, Inc. (JKHY)
Investec Asset Management LTD boosted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 98.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,484 shares of the technology company’s stock after acquiring an additional 64,386 shares during the quarter. Investec Asset Management LTD owned 0.17% of Jack Henry & Associates worth $13,450,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in Jack Henry & Associates by 43.3% in the 1st quarter. Parallel Advisors LLC now owns 1,108 shares of the technology company’s stock valued at $108,000 after acquiring an additional 335 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in Jack Henry & Associates in the 1st quarter valued at approximately $124,000. IFP Advisors Inc lifted its position in Jack Henry & Associates by 40.6% in the 2nd quarter. IFP Advisors Inc now owns 1,312 shares of the technology company’s stock valued at $136,000 after acquiring an additional 379 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Jack Henry & Associates by 249.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,799 shares of the technology company’s stock valued at $187,000 after acquiring an additional 1,284 shares in the last quarter. Finally, RGT Capital Management Ltd. bought a new position in Jack Henry & Associates in the 1st quarter valued at approximately $203,000. 91.66% of the stock is currently owned by institutional investors and hedge funds.
Jack Henry & Associates, Inc. (JKHY) traded down 0.0904% during midday trading on Tuesday, hitting $102.3174. The stock had a trading volume of 20,275 shares. The firm has a 50-day moving average of $102.98 and a 200 day moving average of $100.50. The firm has a market capitalization of $7.92 billion, a P/E ratio of 32.5852 and a beta of 0.75. Jack Henry & Associates, Inc. has a 52-week low of $79.00 and a 52-week high of $109.67.
Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 15th. The technology company reported $0.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.83. The company had revenue of $383.77 million during the quarter, compared to the consensus estimate of $372.98 million. Jack Henry & Associates had a net margin of 17.17% and a return on equity of 24.65%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share. On average, equities analysts forecast that Jack Henry & Associates, Inc. will post $3.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.24 dividend on an annualized basis and a yield of 1.21%. Jack Henry & Associates’s dividend payout ratio is presently 39.49%.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Robert W. Baird reaffirmed a “hold” rating and issued a $104.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday. Cantor Fitzgerald assumed coverage on Jack Henry & Associates in a research report on Monday, August 28th. They issued an “overweight” rating and a $112.00 price objective on the stock. BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $97.00 price objective (up from $93.00) on shares of Jack Henry & Associates in a research report on Friday, August 18th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $107.50.
About Jack Henry & Associates
Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).
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