Thrivent Financial for Lutherans Increases Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Thrivent Financial for Lutherans increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 14.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,093 shares of the technology company's stock after purchasing an additional 11,728 shares during the period. Thrivent Financial for Lutherans owned approximately 0.13% of Jack Henry & Associates worth $16,787,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. raised its position in Jack Henry & Associates by 188.4% during the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company's stock valued at $46,819,000 after purchasing an additional 184,210 shares during the period. Mackenzie Financial Corp raised its holdings in Jack Henry & Associates by 51.4% during the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company's stock valued at $83,665,000 after buying an additional 171,041 shares during the period. Assenagon Asset Management S.A. boosted its stake in Jack Henry & Associates by 6,680.1% during the second quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company's stock worth $19,158,000 after buying an additional 113,696 shares during the period. Tandem Investment Advisors Inc. raised its stake in shares of Jack Henry & Associates by 20.4% in the second quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company's stock valued at $83,496,000 after acquiring an additional 85,175 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Jack Henry & Associates by 207.3% in the 2nd quarter. SG Americas Securities LLC now owns 122,075 shares of the technology company's stock worth $20,267,000 after acquiring an additional 82,351 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on JKHY shares. UBS Group increased their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. William Blair downgraded Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Robert W. Baird upped their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Stephens reaffirmed an "equal weight" rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Finally, Compass Point initiated coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a "neutral" rating and a $186.00 price objective for the company. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Jack Henry & Associates has an average rating of "Hold" and a consensus price target of $188.73.

Jack Henry & Associates Stock Up 0.4 %

Shares of Jack Henry & Associates stock traded up $0.73 on Thursday, reaching $171.85. The stock had a trading volume of 11,853 shares, compared to its average volume of 453,251. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $12.54 billion, a P/E ratio of 31.34, a P/E/G ratio of 3.23 and a beta of 0.63. The company has a 50 day moving average price of $179.34 and a 200 day moving average price of $171.17. Jack Henry & Associates, Inc. has a 1 year low of $151.93 and a 1 year high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping 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 business had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. During the same period in the previous year, the company earned $1.39 earnings per share. The business's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.28%. Jack Henry & Associates's payout ratio is 40.29%.

Jack Henry & Associates Profile

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.