Victory Capital Management Inc. Lowers Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Victory Capital Management Inc. trimmed its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 30.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,536 shares of the technology company’s stock after selling 29,610 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of Jack Henry & Associates worth $11,212,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of JKHY. TD Asset Management Inc lifted its position in shares of Jack Henry & Associates by 327.7% during the fourth quarter. TD Asset Management Inc now owns 544,781 shares of the technology company’s stock valued at $89,023,000 after buying an additional 417,401 shares during the last quarter. APG Asset Management US Inc. acquired a new stake in Jack Henry & Associates in the fourth quarter valued at approximately $54,552,000. Balyasny Asset Management L.P. grew its holdings in Jack Henry & Associates by 96.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 565,659 shares of the technology company’s stock worth $92,434,000 after purchasing an additional 277,945 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in Jack Henry & Associates by 250.4% in the fourth quarter. Epoch Investment Partners Inc. now owns 291,514 shares of the technology company’s stock worth $47,636,000 after purchasing an additional 208,322 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position 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. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on JKHY shares. Compass Point assumed coverage on Jack Henry & Associates in a research note on Wednesday, September 4th. They set a “neutral” rating and a $186.00 target price on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $181.00 price target on shares of Jack Henry & Associates in a research note on Friday, September 6th. StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods boosted their target price on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, August 22nd. Finally, Evercore ISI raised their price target on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $177.25.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $176.07 on Friday. The business’s 50-day moving average is $168.54 and its two-hundred day moving average is $167.75. The company has a market capitalization of $12.84 billion, a P/E ratio of 33.99, a P/E/G ratio of 3.09 and a beta of 0.64. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37. 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 posted its earnings results on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The firm had revenue of $559.91 million for the quarter, compared to analyst estimates of $563.37 million. During the same period last year, the company earned $1.34 earnings per share. Research analysts predict that Jack Henry & Associates, Inc. will post 5.79 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

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.