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Jack Henry & Associates, Inc. (NASDAQ:JKHY) Holdings Lifted by Principal Financial Group Inc.

Jack Henry & Associates logo with Computer and Technology background

Principal Financial Group Inc. boosted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 21.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 341,460 shares of the technology company's stock after purchasing an additional 59,450 shares during the period. Principal Financial Group Inc. owned approximately 0.47% of Jack Henry & Associates worth $60,281,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new position in Jack Henry & Associates in the 2nd quarter valued at about $25,000. Wilmington Savings Fund Society FSB purchased a new stake in Jack Henry & Associates during the 3rd quarter worth approximately $26,000. Tortoise Investment Management LLC increased its stake in Jack Henry & Associates by 76.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company's stock worth $27,000 after buying an additional 71 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Jack Henry & Associates during the 3rd quarter worth approximately $48,000. Finally, Point72 Asset Management L.P. purchased a new position in Jack Henry & Associates in the 3rd quarter valued at approximately $54,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JKHY has been the topic of several analyst reports. UBS Group increased their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. William Blair lowered Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Stephens reissued an "equal weight" rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Compass Point began coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They set a "neutral" rating and a $186.00 target price on the stock. Finally, Royal Bank of Canada lifted their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a "sector perform" rating in a research note on Thursday, November 7th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $189.00.

Get Our Latest Analysis on JKHY

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.37% of the stock is owned by corporate insiders.

Jack Henry & Associates Stock Down 0.6 %

Shares of Jack Henry & Associates stock traded down $1.10 during trading hours on Monday, hitting $175.64. The company had a trading volume of 294,860 shares, compared to its average volume of 476,535. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. The company's 50-day moving average is $178.24 and its two-hundred day moving average is $172.69. The company has a market cap of $12.81 billion, a P/E ratio of 32.17, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63.

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. 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 during the quarter, compared to the consensus estimate of $599.56 million. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Jack Henry & Associates's revenue for the quarter was up 5.2% on a year-over-year basis. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given a $0.55 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.25%. Jack Henry & Associates's payout ratio is currently 40.29%.

Jack Henry & Associates 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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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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