QRG Capital Management Inc. Raises Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

QRG Capital Management Inc. lifted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,751 shares of the technology company’s stock after acquiring an additional 858 shares during the quarter. QRG Capital Management Inc.’s holdings in Jack Henry & Associates were worth $3,228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Planned Solutions Inc. acquired a new position in shares of Jack Henry & Associates during the fourth quarter worth about $33,000. NBC Securities Inc. purchased a new position in Jack Henry & Associates during the 3rd quarter worth $30,000. Anchor Investment Management LLC acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $35,000. VisionPoint Advisory Group LLC purchased a new position in shares of Jack Henry & Associates during the fourth quarter worth about $44,000. Finally, Federated Hermes Inc. acquired a new position in Jack Henry & Associates in the 3rd quarter valued at about $72,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $167.72 on Tuesday. The stock has a market cap of $12.23 billion, a PE ratio of 32.38, a P/E/G ratio of 4.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37. The stock has a fifty day moving average price of $168.72 and a 200 day moving average price of $164.96.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.02. Jack Henry & Associates had a net margin of 17.28% and a return on equity of 22.18%. The company had revenue of $538.56 million for the quarter, compared to the consensus estimate of $541.80 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.2 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, May 28th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $2.20 dividend on an annualized basis and a yield of 1.31%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 42.47%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on JKHY shares. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Monday. DA Davidson reissued a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. Wolfe Research started coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They issued a “peer perform” rating on the stock. Evercore ISI increased their price target on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Finally, Citigroup initiated coverage on shares of Jack Henry & Associates in a research report on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $174.42.

Check Out Our Latest Research Report on Jack Henry & Associates

Jack Henry & Associates Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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