Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp grew its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 288.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,062 shares of the technology company’s stock after purchasing an additional 34,955 shares during the period. Van ECK Associates Corp owned about 0.06% of Jack Henry & Associates worth $7,814,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of JKHY. TD Asset Management Inc raised its holdings in shares of Jack Henry & Associates by 327.7% during the fourth quarter. TD Asset Management Inc now owns 544,781 shares of the technology company’s stock valued at $89,023,000 after acquiring an additional 417,401 shares during the period. APG Asset Management US Inc. purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at $54,552,000. Balyasny Asset Management L.P. boosted its position in shares of Jack Henry & Associates by 96.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 565,659 shares of the technology company’s stock worth $92,434,000 after buying an additional 277,945 shares during the period. Epoch Investment Partners Inc. grew its holdings in shares of Jack Henry & Associates by 250.4% during the fourth quarter. Epoch Investment Partners Inc. now owns 291,514 shares of the technology company’s stock valued at $47,636,000 after buying an additional 208,322 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Jack Henry & Associates by 188.4% during the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock valued at $46,819,000 after buying an additional 184,210 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on JKHY. Evercore ISI lifted their target price on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Keefe, Bruyette & Woods upped their price objective on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, August 22nd. StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Finally, William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and an average target price of $176.45.

Jack Henry & Associates Stock Up 0.7 %

Shares of JKHY stock opened at $173.03 on Tuesday. The stock’s 50 day simple moving average is $166.93 and its 200 day simple moving average is $167.70. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $178.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.39 and a current ratio of 1.00. The company has a market capitalization of $12.61 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 3.07 and a beta of 0.63.

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

Jack Henry & Associates Dividend Announcement

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

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.