Prime Capital Investment Advisors LLC Decreases Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Prime Capital Investment Advisors LLC decreased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 29.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,310 shares of the technology company’s stock after selling 980 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Jack Henry & Associates were worth $408,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in shares of Jack Henry & Associates by 188.4% in the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock worth $46,819,000 after buying an additional 184,210 shares during the period. Mackenzie Financial Corp lifted its position in Jack Henry & Associates by 51.4% during the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock worth $83,665,000 after acquiring an additional 171,041 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in 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 acquiring an additional 113,696 shares during the period. Tandem Investment Advisors Inc. grew its position in 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 valued at $83,496,000 after acquiring an additional 85,175 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Jack Henry & Associates by 207.3% during the second quarter. SG Americas Securities LLC now owns 122,075 shares of the technology company’s stock valued at $20,267,000 after purchasing an additional 82,351 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $173.21 on Friday. The stock has a market capitalization of $12.64 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 3.29 and a beta of 0.63. The business’s fifty day moving average price is $179.46 and its 200 day moving average price is $170.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.00. Jack Henry & Associates, Inc. has a 12-month low of $151.05 and a 12-month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The company had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. During the same period last year, the firm posted $1.39 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

Analysts Set New Price Targets

JKHY has been the subject of several analyst reports. 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 note on Thursday, November 7th. Robert W. Baird upped their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada lifted their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Stephens reissued an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Finally, Oppenheimer started coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $188.73.

Jack Henry & Associates Company 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.