Daiwa Securities Group Inc. Raises Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Daiwa Securities Group Inc. lifted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,642 shares of the technology company’s stock after buying an additional 432 shares during the period. Daiwa Securities Group Inc.’s holdings in Jack Henry & Associates were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of JKHY. NBC Securities Inc. purchased a new position in shares of Jack Henry & Associates in the 3rd quarter worth $30,000. Planned Solutions Inc. bought a new position in Jack Henry & Associates in the 4th quarter worth $33,000. Anchor Investment Management LLC bought a new position in Jack Henry & Associates in the 4th quarter worth $35,000. Federated Hermes Inc. bought a new position in Jack Henry & Associates in the 3rd quarter worth $72,000. Finally, Parkside Financial Bank & Trust raised its holdings in Jack Henry & Associates by 25.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 656 shares of the technology company’s stock worth $99,000 after purchasing an additional 133 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wolfe Research assumed coverage on Jack Henry & Associates in a report on Thursday, March 7th. They issued a “peer perform” rating on the stock. Robert W. Baird raised their price target on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Citigroup initiated coverage on Jack Henry & Associates in a report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price target on the stock. TheStreet raised Jack Henry & Associates from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Finally, William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $172.42.

Jack Henry & Associates Trading Down 0.8 %

JKHY opened at $165.20 on Thursday. The firm has a market cap of $12.04 billion, a P/E ratio of 32.33, a P/E/G ratio of 3.86 and a beta of 0.66. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average of $170.82 and a 200 day moving average of $163.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.14 by $0.12. The company had revenue of $545.70 million during the quarter, compared to analyst estimates of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $1.10 earnings per share. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 5.11 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Thursday, March 7th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s payout ratio is 43.05%.

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.