Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Prudential PLC

Prudential PLC reduced its position in Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) by 6.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,071 shares of the technology company’s stock after selling 855 shares during the period. Prudential PLC’s holdings in Jack Henry & Associates were worth $2,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Confluence Wealth Services Inc. acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at $26,000. Bivin & Associates Inc. purchased a new stake in Jack Henry & Associates in the 4th quarter worth $28,000. Concord Wealth Partners increased its holdings in Jack Henry & Associates by 2,250.0% in the 1st quarter. Concord Wealth Partners now owns 141 shares of the technology company’s stock worth $28,000 after acquiring an additional 135 shares in the last quarter. Quent Capital LLC purchased a new stake in Jack Henry & Associates in the 4th quarter worth $37,000. Finally, Tcwp LLC purchased a new stake in Jack Henry & Associates in the 1st quarter worth $45,000. 90.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Credit Suisse Group boosted their price target on shares of Jack Henry & Associates from $175.00 to $180.00 and gave the stock a “neutral” rating in a report on Thursday, August 18th. Evercore ISI upped their target price on shares of Jack Henry & Associates to $175.00 in a report on Tuesday, August 23rd. DA Davidson lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating and set a $210.00 target price for the company. in a report on Thursday, August 18th. Royal Bank of Canada upped their target price on shares of Jack Henry & Associates from $190.00 to $199.00 and gave the stock a “sector perform” rating in a report on Thursday, August 18th. Finally, StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 25th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus price target of $184.00.

Jack Henry & Associates Trading Up 0.3 %

NASDAQ JKHY opened at $197.39 on Friday. The firm’s 50-day moving average is $197.96 and its two-hundred day moving average is $190.21. Jack Henry & Associates, Inc. has a 12 month low of $147.50 and a 12 month high of $212.62. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $14.39 billion, a P/E ratio of 39.96, a PEG ratio of 4.42 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last posted its earnings results on Tuesday, August 16th. The technology company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. Jack Henry & Associates had a net margin of 18.68% and a return on equity of 26.99%. The company had revenue of $482.67 million for the quarter, compared to analysts’ expectations of $480.30 million. During the same quarter in the prior year, the company posted $1.04 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 4.88 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Friday, September 9th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, September 8th. This represents a $1.96 annualized dividend and a dividend yield of 0.99%. Jack Henry & Associates’s dividend payout ratio is presently 39.68%.

Jack Henry & Associates Company Profile

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Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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

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