Meiji Yasuda Life Insurance Co Makes New Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Meiji Yasuda Life Insurance Co acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the first quarter, HoldingsChannel.com reports. The fund acquired 1,200 shares of the technology company’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. VisionPoint Advisory Group LLC purchased a new stake in shares of Jack Henry & Associates during the fourth quarter valued at $44,000. Riverview Trust Co purchased a new position in shares of Jack Henry & Associates in the first quarter worth about $51,000. GAMMA Investing LLC acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $79,000. Janiczek Wealth Management LLC boosted its position in Jack Henry & Associates by 55.4% in the first quarter. Janiczek Wealth Management LLC now owns 477 shares of the technology company’s stock valued at $83,000 after buying an additional 170 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Jack Henry & Associates by 52.1% in the 4th quarter. First Horizon Advisors Inc. now owns 619 shares of the technology company’s stock worth $101,000 after buying an additional 212 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on JKHY shares. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, June 22nd. Robert W. Baird raised their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. DA Davidson reaffirmed a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. Finally, Evercore ISI lifted 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 note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $174.67.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $171.48 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.14. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The firm has a market cap of $12.50 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 4.06 and a beta of 0.63. The company’s 50 day moving average is $165.35 and its two-hundred day moving average is $167.96.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a net margin of 17.28% and a return on equity of 22.18%. The firm had revenue of $538.56 million for the quarter, compared to analyst estimates of $541.80 million. During the same period in the prior year, the firm earned $1.12 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.19 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, May 28th were paid a $0.55 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $2.20 annualized dividend and a yield of 1.28%. Jack Henry & Associates’s dividend payout ratio is presently 42.47%.

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.