Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Huntington National Bank

Huntington National Bank grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 20.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 451 shares of the technology company’s stock after buying an additional 78 shares during the quarter. Huntington National Bank’s holdings in Jack Henry & Associates were worth $80,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JKHY. Vanguard Group Inc. boosted its position in Jack Henry & Associates by 0.5% during the first quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock worth $1,509,441,000 after purchasing an additional 39,456 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Jack Henry & Associates by 1.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company’s stock valued at $657,158,000 after acquiring an additional 67,386 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Jack Henry & Associates by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company’s stock valued at $175,342,000 after purchasing an additional 23,617 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Jack Henry & Associates by 8.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company’s stock worth $152,495,000 after purchasing an additional 66,600 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Jack Henry & Associates by 3.2% during the third quarter. Raymond James & Associates now owns 631,974 shares of the technology company’s stock worth $111,569,000 after buying an additional 19,846 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

JKHY has been the subject of several analyst reports. Robert W. Baird boosted their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Royal Bank of Canada lifted their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods increased their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Finally, Stephens reiterated an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $188.73.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $172.06 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.00. Jack Henry & Associates, Inc. has a 12-month low of $151.59 and a 12-month high of $189.63. The business’s fifty day moving average price is $179.46 and its 200 day moving average price is $171.05. The stock has a market capitalization of $12.55 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 3.26 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The company 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%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 earnings per share. Equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm 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 dividend of $0.55 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.28%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

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.