Victory Capital Management Inc. Grows Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Victory Capital Management Inc. increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Aigen Investment Management LP purchased a new position in shares of Jack Henry & Associates during the third quarter worth $1,017,000. Sumitomo Mitsui Trust Group Inc. grew its position in Jack Henry & Associates by 5.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 172,675 shares of the technology company's stock valued at $30,484,000 after buying an additional 9,537 shares during the period. GSA Capital Partners LLP grew its position in Jack Henry & Associates by 95.4% during the third quarter. GSA Capital Partners LLP now owns 6,602 shares of the technology company's stock valued at $1,166,000 after buying an additional 3,224 shares during the period. Entropy Technologies LP acquired a new stake in Jack Henry & Associates during the third quarter valued at $301,000. Finally, WCM Investment Management LLC acquired a new stake in Jack Henry & Associates during the third quarter valued at $321,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $171.12 on Thursday. The company's 50-day moving average price is $179.39 and its 200-day moving average price is $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. The company has a market cap of $12.48 billion, a P/E ratio of 31.34, a P/E/G ratio of 3.26 and a beta of 0.63. Jack Henry & Associates, Inc. has a twelve month low of $151.77 and a twelve month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The company had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. During the same period in the previous year, the firm earned $1.39 earnings per share. Jack Henry & Associates's quarterly revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates's dividend payout ratio (DPR) is presently 40.29%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JKHY. Stephens restated an "equal weight" rating and set a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. UBS Group raised their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Compass Point started coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They set a "neutral" rating and a $186.00 price target on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada lifted their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a research report on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $188.73.

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.