Pathstone Holdings LLC Increases Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Pathstone Holdings LLC grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 18,996 shares of the technology company’s stock after buying an additional 669 shares during the period. Pathstone Holdings LLC’s holdings in Jack Henry & Associates were worth $3,354,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in shares of Jack Henry & Associates by 6,680.1% during the second quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock valued at $19,158,000 after buying an additional 113,696 shares during the last quarter. Boston Trust Walden Corp lifted its position in Jack Henry & Associates by 3.0% during the second quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company’s stock valued at $35,318,000 after purchasing an additional 6,173 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Jack Henry & Associates by 285.3% in the second quarter. Harbor Capital Advisors Inc. now owns 4,204 shares of the technology company’s stock worth $698,000 after purchasing an additional 3,113 shares during the last quarter. Principal Financial Group Inc. grew its position in 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 during the period. Finally, Comerica Bank raised its stake in Jack Henry & Associates by 17.2% during the 1st quarter. Comerica Bank now owns 40,213 shares of the technology company’s stock valued at $6,986,000 after buying an additional 5,912 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

JKHY stock opened at $172.50 on Monday. The company has a market capitalization of $12.59 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 3.25 and a beta of 0.63. The company’s fifty day moving average price is $179.20 and its 200-day moving average price is $171.27. Jack Henry & Associates, Inc. has a one year low of $151.93 and a one year high of $189.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $600.98 million during 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 was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 EPS. On average, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, December 2nd. This represents a $2.20 annualized dividend and a dividend yield of 1.28%. Jack Henry & Associates’s dividend payout ratio (DPR) is 40.29%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on JKHY shares. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price objective on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. UBS Group boosted 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. Finally, Stephens reiterated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $188.73.

Insider Activity

In related news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction 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 sale, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

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.