Great Lakes Advisors LLC Boosts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Great Lakes Advisors LLC lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,747 shares of the technology company’s stock after buying an additional 683 shares during the period. Great Lakes Advisors LLC’s holdings in Jack Henry & Associates were worth $3,806,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of JKHY. Legacy Capital Wealth Partners LLC bought a new position in shares of Jack Henry & Associates during the 1st quarter valued at $587,000. Exchange Traded Concepts LLC boosted its position in Jack Henry & Associates by 15.8% in the second quarter. Exchange Traded Concepts LLC now owns 1,047 shares of the technology company’s stock worth $175,000 after purchasing an additional 143 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Jack Henry & Associates by 6.4% during the 2nd quarter. Van ECK Associates Corp now owns 10,568 shares of the technology company’s stock valued at $1,768,000 after purchasing an additional 639 shares during the period. Raymond James Trust N.A. grew its stake in shares of Jack Henry & Associates by 7.5% during the 1st quarter. Raymond James Trust N.A. now owns 4,958 shares of the technology company’s stock valued at $747,000 after purchasing an additional 346 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of Jack Henry & Associates by 16.4% during the 2nd quarter. Nordea Investment Management AB now owns 469,870 shares of the technology company’s stock valued at $78,746,000 after purchasing an additional 66,137 shares during the last quarter. 92.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on JKHY shares. TheStreet downgraded shares of Jack Henry & Associates from a “b-” rating to a “c+” rating in a report on Friday, November 3rd. Robert W. Baird reduced their price objective on Jack Henry & Associates from $176.00 to $164.00 and set a “neutral” rating for the company in a research note on Thursday, August 17th. Oppenheimer decreased their price objective on Jack Henry & Associates from $180.00 to $168.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 18th. UBS Group restated a “neutral” rating and set a $165.00 target price on shares of Jack Henry & Associates in a research note on Friday, October 20th. Finally, Morgan Stanley dropped their price target on Jack Henry & Associates from $165.00 to $162.00 and set an “equal weight” rating for the company in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and a consensus target price of $167.33.

Jack Henry & Associates Stock Up 0.9 %

NASDAQ JKHY opened at $153.67 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.15. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $192.35. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 3.80 and a beta of 0.64. The company has a fifty day moving average of $147.82 and a two-hundred day moving average of $156.12.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.32 by $0.07. Jack Henry & Associates had a net margin of 17.07% and a return on equity of 22.91%. The company had revenue of $571.40 million for the quarter, compared to the consensus estimate of $564.69 million. During the same period in the prior year, the firm posted $1.46 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. On average, analysts predict that Jack Henry & Associates, Inc. will post 5.04 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, November 30th. Jack Henry & Associates’s dividend payout ratio is currently 42.02%.

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.