Mirae Asset Global Investments Co. Ltd. Boosts Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) by 7.5% in the first quarter, HoldingsChannel reports. The fund owned 38,547 shares of the technology company’s stock after purchasing an additional 2,698 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Jack Henry & Associates were worth $7,596,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JKHY. Xponance Inc. increased its stake in Jack Henry & Associates by 0.8% during the 1st quarter. Xponance Inc. now owns 6,808 shares of the technology company’s stock valued at $1,342,000 after purchasing an additional 52 shares in the last quarter. Bridgewater Advisors Inc. increased its stake in Jack Henry & Associates by 2.3% during the 1st quarter. Bridgewater Advisors Inc. now owns 2,447 shares of the technology company’s stock valued at $482,000 after purchasing an additional 54 shares in the last quarter. Johnson Financial Group Inc. increased its stake in Jack Henry & Associates by 1.6% during the 4th quarter. Johnson Financial Group Inc. now owns 3,749 shares of the technology company’s stock valued at $626,000 after purchasing an additional 59 shares in the last quarter. LVW Advisors LLC increased its stake in Jack Henry & Associates by 2.4% during the 1st quarter. LVW Advisors LLC now owns 2,620 shares of the technology company’s stock valued at $516,000 after purchasing an additional 62 shares in the last quarter. Finally, Resources Investment Advisors LLC. increased its stake in Jack Henry & Associates by 3.0% during the 1st quarter. Resources Investment Advisors LLC. now owns 2,154 shares of the technology company’s stock valued at $424,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 90.80% of the company’s stock.

Jack Henry & Associates Stock Down 0.7 %

JKHY stock opened at $188.26 on Thursday. The firm has a market cap of $13.72 billion, a PE ratio of 38.11, a P/E/G ratio of 4.36 and a beta of 0.65. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s fifty day moving average is $199.50 and its 200 day moving average is $191.29. Jack Henry & Associates, Inc. has a one year low of $147.50 and a one year high of $212.62.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last released its quarterly earnings results on Tuesday, August 16th. The technology company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.00 by $0.10. The company had revenue of $482.67 million for the quarter, compared to analyst estimates of $480.30 million. Jack Henry & Associates had a net margin of 18.68% and a return on equity of 26.99%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business earned $1.04 earnings per share. On average, research analysts forecast that Jack Henry & Associates, Inc. will post 4.92 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Friday, September 9th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.04%. The ex-dividend date is Thursday, September 8th. Jack Henry & Associates’s payout ratio is 39.68%.

Analysts Set New Price Targets

JKHY has been the topic of a number of recent analyst reports. Credit Suisse Group upped their price target on shares of Jack Henry & Associates from $175.00 to $180.00 and gave the company a “neutral” rating in a research note on Thursday, August 18th. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 25th. Morgan Stanley cut their price objective on shares of Jack Henry & Associates from $190.00 to $185.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 18th. Evercore ISI increased their price objective on shares of Jack Henry & Associates to $175.00 in a research note on Tuesday, August 23rd. Finally, DA Davidson lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research note on Thursday, August 18th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $184.00.

Jack Henry & Associates Company Profile

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Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

See Also

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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