DNB Asset Management AS Has $1.95 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

DNB Asset Management AS boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,754 shares of the technology company’s stock after acquiring an additional 1,305 shares during the quarter. DNB Asset Management AS’s holdings in Jack Henry & Associates were worth $1,951,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. New Covenant Trust Company N.A. bought a new stake in shares of Jack Henry & Associates during the first quarter worth $30,000. VisionPoint Advisory Group LLC bought a new stake in shares of Jack Henry & Associates during the fourth quarter worth $44,000. Riverview Trust Co bought a new stake in shares of Jack Henry & Associates during the first quarter worth $51,000. GAMMA Investing LLC bought a new stake in shares of Jack Henry & Associates during the fourth quarter worth $79,000. Finally, Janiczek Wealth Management LLC boosted its holdings 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 acquiring an additional 170 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Up 1.4 %

Shares of Jack Henry & Associates stock opened at $168.76 on Wednesday. The business’s 50 day simple moving average is $165.38 and its 200 day simple moving average is $168.01. 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 $12.30 billion, a PE ratio of 32.14, a P/E/G ratio of 3.98 and a beta of 0.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on JKHY shares. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. Evercore ISI raised their price target on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. 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. DA Davidson reiterated a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Finally, StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, June 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $174.67.

About Jack Henry & Associates

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.