PNC Financial Services Group Inc. Purchases 453 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

PNC Financial Services Group Inc. raised its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,795 shares of the technology company’s stock after acquiring an additional 453 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Jack Henry & Associates were worth $1,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Jack Henry & Associates by 1.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 99,707 shares of the technology company’s stock worth $17,323,000 after purchasing an additional 1,397 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in Jack Henry & Associates by 5.8% in the first quarter. Kennedy Capital Management LLC now owns 11,601 shares of the technology company’s stock worth $2,015,000 after buying an additional 640 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Jack Henry & Associates by 38.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 8,457 shares of the technology company’s stock worth $1,469,000 after buying an additional 2,337 shares in the last quarter. Meiji Yasuda Life Insurance Co purchased a new stake in shares of Jack Henry & Associates during the first quarter valued at approximately $208,000. Finally, Motley Fool Asset Management LLC increased its position in shares of Jack Henry & Associates by 6.5% during the first quarter. Motley Fool Asset Management LLC now owns 1,446 shares of the technology company’s stock valued at $251,000 after acquiring an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on JKHY. Royal Bank of Canada increased their price objective on 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. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price on the stock. Stephens reiterated an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Compass Point started coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective for the company. Finally, 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 research note on Thursday, October 17th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $188.73.

Insider Buying and Selling at Jack Henry & Associates

In related news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the transaction, the insider now directly owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.37% of the company’s stock.

Jack Henry & Associates Trading Up 0.4 %

JKHY stock opened at $173.10 on Wednesday. The firm has a fifty day moving average price of $179.11 and a 200 day moving average price of $171.33. Jack Henry & Associates, Inc. has a fifty-two week low of $153.05 and a fifty-two week high of $189.63. The firm has a market cap of $12.63 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 3.25 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The firm had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. During the same period in the previous year, the firm posted $1.39 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s payout ratio is 40.29%.

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.