Dearborn Partners LLC Lowers Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Dearborn Partners LLC decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,145 shares of the technology company’s stock after selling 3,120 shares during the period. Dearborn Partners LLC’s holdings in Jack Henry & Associates were worth $23,329,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JKHY. Principal Financial Group Inc. grew its holdings in shares of Jack Henry & Associates by 188.4% during the second 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 boosted its stake 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 valued at $83,665,000 after purchasing an additional 171,041 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in 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 period. Tandem Investment Advisors Inc. boosted its holdings in Jack Henry & Associates by 20.4% during the 2nd 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 during the period. Finally, SG Americas Securities LLC grew its holdings 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 purchasing an additional 82,351 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Trading Down 1.4 %

JKHY stock opened at $172.45 on Friday. Jack Henry & Associates, Inc. has a twelve month low of $151.05 and a twelve month high of $189.63. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 3.29 and a beta of 0.63. The company has a quick ratio of 1.00, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $179.40 and its two-hundred day simple moving average is $170.87.

Jack Henry & Associates (NASDAQ:JKHY) last issued 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. The firm had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. Jack Henry & Associates’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $1.39 EPS. As a group, analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s payout ratio is presently 40.29%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JKHY. Stephens restated an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. UBS Group upped their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada increased their target price on 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. Finally, Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target for the company. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.