Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Position Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) by 63.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,983 shares of the technology company’s stock after buying an additional 58,170 shares during the period. Allspring Global Investments Holdings LLC owned about 0.21% of Jack Henry & Associates worth $27,337,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Walker Asset Management LLC lifted its holdings in shares of Jack Henry & Associates by 6,064.1% in the 2nd quarter. Walker Asset Management LLC now owns 15,291,939 shares of the technology company’s stock worth $2,863,830,000 after purchasing an additional 15,043,859 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Jack Henry & Associates by 27.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,326,194 shares of the technology company’s stock worth $238,741,000 after purchasing an additional 286,117 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Jack Henry & Associates by 523.8% in the 1st quarter. Baird Financial Group Inc. now owns 246,806 shares of the technology company’s stock worth $48,633,000 after purchasing an additional 207,243 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Jack Henry & Associates by 63.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 412,796 shares of the technology company’s stock worth $74,312,000 after purchasing an additional 160,655 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Jack Henry & Associates by 49.9% in the 3rd quarter. Raymond James & Associates now owns 424,166 shares of the technology company’s stock worth $77,317,000 after purchasing an additional 141,157 shares during the last quarter. Institutional investors own 90.26% of the company’s stock.

Jack Henry & Associates Stock Up 0.1 %

Shares of JKHY stock opened at $178.37 on Wednesday. Jack Henry & Associates, Inc. has a 1 year low of $155.44 and a 1 year high of $212.62. The stock has a market cap of $13.01 billion, a PE ratio of 35.53, a price-to-earnings-growth ratio of 4.02 and a beta of 0.65. The business’s fifty day moving average is $181.49 and its 200-day moving average is $189.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.03 and a current ratio of 1.03.

Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The technology company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.08. Jack Henry & Associates had a return on equity of 26.99% and a net margin of 18.51%. The company had revenue of $529.20 million for the quarter, compared to analysts’ expectations of $529.86 million. During the same period last year, the firm earned $1.38 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities analysts expect that Jack Henry & Associates, Inc. will post 4.93 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 22nd. Stockholders of record on Thursday, December 1st were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Wednesday, November 30th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.04%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JKHY. Evercore ISI cut their price target on Jack Henry & Associates to $170.00 in a report on Tuesday, November 15th. Oppenheimer cut their price target on Jack Henry & Associates from $197.00 to $191.00 in a report on Thursday, November 10th. DA Davidson cut their target price on Jack Henry & Associates to $198.00 in a research note on Tuesday, November 15th. Royal Bank of Canada cut their target price on Jack Henry & Associates from $199.00 to $193.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 10th. Finally, StockNews.com started coverage on Jack Henry & Associates in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus price target of $186.17.

Insider Activity

In related news, CEO David B. Foss sold 16,000 shares of Jack Henry & Associates stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $188.11, for a total value of $3,009,760.00. Following the transaction, the chief executive officer now directly owns 106,099 shares in the company, valued at approximately $19,958,282.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.58% of the stock is owned by insiders.

Jack Henry & Associates Company Profile

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Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology and services that reduce the barriers to financial health. 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.