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

Principal Financial Group Inc. lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 21.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 341,460 shares of the technology company’s stock after purchasing an additional 59,450 shares during the quarter. Principal Financial Group Inc.’s holdings in Jack Henry & Associates were worth $60,281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Jack Henry & Associates during the third quarter worth about $618,000. XTX Topco Ltd boosted its stake in Jack Henry & Associates by 137.3% during the 3rd quarter. XTX Topco Ltd now owns 7,761 shares of the technology company’s stock valued at $1,370,000 after purchasing an additional 4,491 shares during the period. Lombard Odier Asset Management Europe Ltd bought a new position in Jack Henry & Associates in the 2nd quarter worth about $1,245,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Jack Henry & Associates by 60.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,962 shares of the technology company’s stock valued at $2,318,000 after purchasing an additional 5,274 shares during the period. Finally, Hilltop Holdings Inc. acquired a new stake in shares of Jack Henry & Associates in the third quarter valued at approximately $1,342,000. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on JKHY shares. Keefe, Bruyette & Woods increased their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Royal Bank of Canada raised their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Stephens reaffirmed an “equal weight” rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Finally, Compass Point initiated 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. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $189.00.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $176.74 on Monday. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $189.63. 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’s 50-day moving average price is $178.41 and its two-hundred day moving average price is $172.61. The stock has a market cap of $12.89 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last released 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. The business had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 EPS. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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 issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s payout ratio is 40.29%.

Insider Transactions at Jack Henry & Associates

In related news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the transaction, the insider now owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.37% of the stock is currently owned by insiders.

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.