Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Position Lifted by Guinness Asset Management LTD

Guinness Asset Management LTD grew its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 6.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,776 shares of the technology company’s stock after buying an additional 173 shares during the quarter. Guinness Asset Management LTD’s holdings in Jack Henry & Associates were worth $490,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of JKHY. Principal Financial Group Inc. lifted its holdings in Jack Henry & Associates by 188.4% during the 2nd quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock worth $46,819,000 after buying an additional 184,210 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Jack Henry & Associates by 32.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock worth $115,299,000 after purchasing an additional 171,477 shares during the last quarter. Mackenzie Financial Corp lifted its holdings 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 worth $83,665,000 after purchasing an additional 171,041 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of Jack Henry & Associates by 25.6% in the 1st quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock worth $118,894,000 after purchasing an additional 139,582 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Jack Henry & Associates by 6,680.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock worth $19,158,000 after purchasing an additional 113,696 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a report on Thursday, August 22nd. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Oppenheimer assumed coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target on the stock. Evercore ISI raised their price target on Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $181.00 target price on shares of Jack Henry & Associates in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates currently has a consensus rating of “Hold” and an average target price of $180.00.

Jack Henry & Associates Price Performance

Shares of JKHY stock traded up $1.80 during mid-day trading on Friday, hitting $183.38. 360,029 shares of the stock traded hands, compared to its average volume of 440,602. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $184.82. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 35.13, a price-to-earnings-growth ratio of 3.35 and a beta of 0.64. The company’s 50-day simple moving average is $172.29 and its 200-day simple moving average is $168.46. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.08. The business had revenue of $559.91 million for the quarter, compared to analysts’ expectations of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same period in the previous year, the firm posted $1.34 EPS. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.20%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.15%.

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.