Victory Capital Management Inc. Has $7.40 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Victory Capital Management Inc. lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 40.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,217 shares of the technology company's stock after selling 28,633 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of Jack Henry & Associates worth $7,401,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after acquiring an additional 131,515 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Jack Henry & Associates in the 3rd quarter valued at about $618,000. Nordea Investment Management AB boosted its stake in shares of Jack Henry & Associates by 50.8% in the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock valued at $136,720,000 after purchasing an additional 263,021 shares during the last quarter. Cobblestone Capital Advisors LLC NY boosted its stake in shares of Jack Henry & Associates by 21.4% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company's stock valued at $21,348,000 after purchasing an additional 21,466 shares during the last quarter. Finally, Pensionfund Sabic bought a new position in shares of Jack Henry & Associates in the 4th quarter valued at about $1,315,000. Institutional investors own 98.75% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price on the stock. Finally, Northcoast Research downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $186.80.

Jack Henry & Associates Stock Down 0.3 %

Shares of NASDAQ JKHY traded down $0.49 during midday trading on Tuesday, reaching $176.70. The company's stock had a trading volume of 547,188 shares, compared to its average volume of 498,047. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 3.36 and a beta of 0.65. The stock has a 50 day simple moving average of $173.98 and a 200-day simple moving average of $176.14.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.31%. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates's payout ratio is presently 41.88%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.