Robeco Institutional Asset Management B.V. Has $7.83 Million Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Robeco Institutional Asset Management B.V. boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 19.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,333 shares of the technology company's stock after buying an additional 7,082 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.06% of Jack Henry & Associates worth $7,827,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC acquired a new position in Jack Henry & Associates during the second quarter worth about $25,000. Tortoise Investment Management LLC raised its position in shares of 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 purchasing an additional 71 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in Jack Henry & Associates during the 1st quarter valued at $30,000. Blue Trust Inc. raised its holdings 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 worth $39,000 after acquiring an additional 134 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Jack Henry & Associates in the second quarter valued at $63,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of recent research reports. Stephens reiterated an "equal weight" rating and set a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday. StockNews.com downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Thursday. UBS Group lifted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a "neutral" rating in a research report on Thursday. William Blair lowered shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Finally, Oppenheimer started coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an "outperform" rating and a $206.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Jack Henry & Associates has a consensus rating of "Hold" and an average target price of $188.73.

Jack Henry & Associates Price Performance

Shares of JKHY stock traded up $0.32 during trading hours on Friday, hitting $180.29. 278,439 shares of the company's stock were exchanged, compared to its average volume of 444,767. The stock's 50-day moving average is $179.13 and its 200-day moving average is $170.51. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 3.38 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. Jack Henry & Associates, Inc. has a 52 week low of $146.46 and a 52 week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The company had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same period in the previous year, the firm posted $1.39 earnings per share. The company's revenue was up 5.2% on a year-over-year basis. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 5.82 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a $0.55 dividend. The ex-dividend date was Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.22%. Jack Henry & Associates's dividend payout ratio (DPR) is currently 42.15%.

Jack Henry & Associates Company 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.