Principal Securities Inc. Acquires 93 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Principal Securities Inc. increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,435 shares of the technology company’s stock after purchasing an additional 93 shares during the period. Principal Securities Inc.’s holdings in Jack Henry & Associates were worth $252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after purchasing an additional 131,515 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Jack Henry & Associates during the third quarter valued at approximately $618,000. Nordea Investment Management AB boosted its stake in shares of Jack Henry & Associates by 50.8% during the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after purchasing an additional 263,021 shares in the last quarter. Pensionfund Sabic bought a new position in shares of Jack Henry & Associates during the fourth quarter valued at approximately $1,315,000. Finally, XTX Topco Ltd lifted its position in Jack Henry & Associates by 137.3% during the third quarter. XTX Topco Ltd now owns 7,761 shares of the technology company’s stock valued at $1,370,000 after acquiring an additional 4,491 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Trading Up 1.4 %

NASDAQ JKHY opened at $171.13 on Monday. The company has a fifty day simple moving average of $173.41 and a two-hundred day simple moving average of $174.91. The stock has a market cap of $12.48 billion, a P/E ratio of 30.89, a P/E/G ratio of 3.36 and a beta of 0.61. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. On average, analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio (DPR) is 41.88%.

Analyst Ratings Changes

A number of equities research analysts recently commented on JKHY shares. Royal Bank of Canada increased their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods increased their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price for the company. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and a consensus price target of $186.80.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.