Victory Capital Management Inc. boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 4.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,850 shares of the technology company's stock after purchasing an additional 3,314 shares during the period. Victory Capital Management Inc. owned approximately 0.10% of Jack Henry & Associates worth $12,508,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in JKHY. Strategic Financial Concepts LLC acquired a new stake in shares of Jack Henry & Associates during the second quarter worth approximately $25,000. Tortoise Investment Management LLC grew its position in shares of Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company's stock valued at $27,000 after acquiring an additional 71 shares during the period. New Covenant Trust Company N.A. bought a new stake in shares of Jack Henry & Associates during the 1st quarter worth about $30,000. Blue Trust Inc. grew its position in shares of Jack Henry & Associates by 148.9% during the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company's stock worth $39,000 after purchasing an additional 134 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Jack Henry & Associates during the 3rd quarter worth approximately $48,000. 98.75% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the sale, the insider now directly owns 138,665 shares of the company's stock, valued at $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several research firms have recently issued reports on JKHY. Keefe, Bruyette & Woods raised their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a research note on Thursday, November 7th. StockNews.com raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $206.00 target price for the company. UBS Group boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Finally, William Blair lowered shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $188.73.
Read Our Latest Analysis on Jack Henry & Associates
Jack Henry & Associates Stock Performance
JKHY traded up $1.43 during trading hours on Thursday, hitting $172.55. The company's stock had a trading volume of 174,739 shares, compared to its average volume of 453,984. Jack Henry & Associates, Inc. has a fifty-two week low of $151.93 and a fifty-two week high of $189.63. The firm has a market capitalization of $12.59 billion, a PE ratio of 31.34, a PEG ratio of 3.23 and a beta of 0.63. The company has a 50-day simple moving average of $179.34 and a 200 day simple moving average of $171.17. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. Jack Henry & Associates's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.39 EPS. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.
Jack Henry & Associates Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given a dividend of $0.55 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 40.29%.
Jack Henry & Associates Company Profile
(
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.
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