Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,850 shares of the technology company’s stock after buying an additional 3,314 shares during the period. Victory Capital Management Inc. owned approximately 0.10% of Jack Henry & Associates worth $12,508,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of JKHY. Principal Financial Group Inc. raised its holdings in shares of Jack Henry & Associates by 188.4% in the 2nd quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock worth $46,819,000 after purchasing an additional 184,210 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Jack Henry & Associates by 51.4% in the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock worth $83,665,000 after purchasing an additional 171,041 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Jack Henry & Associates by 6,680.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock worth $19,158,000 after purchasing an additional 113,696 shares in the last quarter. Tandem Investment Advisors Inc. increased its position 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 worth $83,496,000 after acquiring an additional 85,175 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Jack Henry & Associates by 207.3% in the second 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 in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $171.12 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a twelve month low of $151.77 and a twelve month high of $189.63. The stock’s 50 day moving average is $179.39 and its 200-day moving average is $171.17. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 3.26 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last announced 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 return on equity of 21.81% and a net margin of 17.79%. The business had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same quarter in the prior year, the company posted $1.39 earnings per share. Jack Henry & Associates’s revenue was up 5.2% compared to the same quarter last year. Sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a $0.55 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.29%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JKHY. Keefe, Bruyette & Woods boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. William Blair cut shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Stephens reiterated an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Finally, UBS Group upped their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $188.73.

About Jack Henry & Associates

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.