1 day Ago By ABMN Staff
Acadian Asset Management LLC grew its stake in shares of Jack Henry & Associates, Inc. ( NASDAQ:JKHY – Free Report ) by 81.7% during the second quarter, HoldingsChannel.
com reports. The institutional investor owned 3,014 shares of the technology company’s stock after acquiring an additional 1,355 shares during the period. Acadian Asset Management LLC’s holdings in Jack Henry & Associates were worth $499,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC grew its position in Jack Henry & Associates by 76.3% during the 2nd quarter.
Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after acquiring an additional 71 shares during the last quarter. New Covenant Trust Company N.A.
bought a new stake in shares of Jack Henry & Associates during the first quarter worth about $30,000. Blue Trust Inc. increased its stake in shares of Jack Henry & Associates by 148.
9% in the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after buying an additional 134 shares during the period.
Riverview Trust Co bought a new position in Jack Henry & Associates in the 1st quarter valued at approximately $51,000. Finally, International Assets Investment Management LLC acquired a new stake in Jack Henry & Associates during the 2nd quarter worth approximately $63,000. 98.
75% of the stock is currently owned by institutional investors and hedge funds. Jack Henry & Associates Trading Down 0.8 % Shares of JKHY stock opened at $174.
21 on Thursday. Jack Henry & Associates, Inc. has a fifty-two week low of $136.
57 and a fifty-two week high of $178.37. The company has a debt-to-equity ratio of 0.
03, a quick ratio of 1.00 and a current ratio of 1.00.
The stock has a 50 day simple moving average of $169.32 and a two-hundred day simple moving average of $167.81.
The company has a market cap of $12.70 billion, a P/E ratio of 33.63, a PEG ratio of 3.
09 and a beta of 0.64. Jack Henry & Associates Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th.
Stockholders of record on Friday, September 6th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, September 6th.
This represents a $2.20 annualized dividend and a dividend yield of 1.26%.
Jack Henry & Associates’s dividend payout ratio is currently 42.47%. Analyst Ratings Changes Several equities analysts have issued reports on JKHY shares.
Evercore ISI upped their price target on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th.
StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods lifted their target price on Jack Henry & Associates from $178.
00 to $180.00 and gave the stock a “market perform” rating in a report on Thursday, August 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $181.
00 price target on shares of Jack Henry & Associates in a research report on Friday, September 6th. Finally, 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 objective for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $176.
55. View Our Latest Stock Analysis on Jack Henry & Associates About Jack Henry & Associates ( Free Report ) 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.
See Also Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. ( NASDAQ:JKHY – Free Report ).
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