MAI Capital Management lifted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) by 5.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,478 shares of the technology company's stock after buying an additional 138 shares during the period. MAI Capital Management's holdings in Jack Henry & Associates were worth $446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in JKHY. APG Asset Management N.V. lifted its stake in shares of Jack Henry & Associates by 160.9% during the first quarter. APG Asset Management N.V. now owns 4,422,791 shares of the technology company's stock worth $783,275,000 after buying an additional 2,727,700 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Jack Henry & Associates by 77.7% during the first quarter. JPMorgan Chase & Co. now owns 1,040,077 shares of the technology company's stock worth $204,945,000 after buying an additional 454,724 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of Jack Henry & Associates by 215.8% during the first quarter. Lord Abbett & CO. LLC now owns 642,639 shares of the technology company's stock worth $126,632,000 after buying an additional 439,114 shares during the period. Scout Investments Inc. purchased a new position in shares of Jack Henry & Associates during the first quarter worth $53,900,000. Finally, Walker Asset Management LLC purchased a new position in shares of Jack Henry & Associates during the first quarter worth $48,884,000. 90.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

JKHY has been the subject of several recent research reports. Credit Suisse Group raised their target price on shares of Jack Henry & Associates from $175.00 to $180.00 and gave the stock a "neutral" rating in a report on Thursday, August 18th. DA Davidson cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating and set a $210.00 target price for the company. in a report on Thursday, August 18th. Morgan Stanley reduced their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set an "equal weight" rating for the company in a report on Thursday, August 18th. StockNews.com cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Thursday, August 25th. Finally, Evercore ISI lifted their price objective on shares of Jack Henry & Associates to $175.00 in a report on Tuesday, August 23rd. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $184.00.

Jack Henry & Associates Stock Down 0.4 %

Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last released its earnings results on Tuesday, August 16th. The technology company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.10. The business had revenue of $482.67 million during the quarter, compared to analysts' expectations of $480.30 million. Jack Henry & Associates had a net margin of 18.68% and a return on equity of 26.99%. The company's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.04 earnings per share. Equities analysts forecast that Jack Henry & Associates, Inc. will post 4.92 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Friday, September 9th were paid a dividend of $0.49 per share. The ex-dividend date was Thursday, September 8th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.08%. Jack Henry & Associates's dividend payout ratio is currently 39.68%.

Jack Henry & Associates Profile

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Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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