Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,180 shares of the technology company’s stock after selling 10,393 shares during the period. Principal Financial Group Inc. owned about 0.13% of Jack Henry & Associates worth $15,390,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Planned Solutions Inc. purchased a new position in shares of Jack Henry & Associates in the 4th quarter valued at about $33,000. NBC Securities Inc. purchased a new position in shares of Jack Henry & Associates in the 3rd quarter valued at about $30,000. Anchor Investment Management LLC purchased a new position in shares of Jack Henry & Associates in the 4th quarter valued at about $35,000. VisionPoint Advisory Group LLC purchased a new position in shares of Jack Henry & Associates in the 4th quarter valued at about $44,000. Finally, Federated Hermes Inc. purchased a new position in shares of Jack Henry & Associates in the 3rd quarter valued at about $72,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on JKHY. DA Davidson restated a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. Robert W. Baird lifted their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Wolfe Research started coverage on Jack Henry & Associates in a report on Thursday, March 7th. They issued a “peer perform” rating on the stock. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Finally, Evercore ISI lifted their price objective on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $174.42.

Jack Henry & Associates Trading Down 0.8 %

Shares of Jack Henry & Associates stock opened at $168.33 on Friday. The stock has a market cap of $12.27 billion, a P/E ratio of 32.50, a P/E/G ratio of 4.36 and a beta of 0.66. The stock’s 50 day simple moving average is $168.01 and its 200-day simple moving average is $166.16. Jack Henry & Associates, Inc. has a 1-year low of $136.57 and a 1-year high of $178.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.39 and a quick ratio of 1.39.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The firm had revenue of $538.56 million for the quarter, compared to analysts’ expectations of $541.80 million. During the same period in the prior year, the firm posted $1.12 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts predict that Jack Henry & Associates, Inc. will post 5.2 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, June 17th. Investors of record on Tuesday, May 28th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Friday, May 24th. Jack Henry & Associates’s dividend payout ratio is presently 42.47%.

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.