Prana Capital Management LP Has $1.20 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Prana Capital Management LP decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 85.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,820 shares of the technology company’s stock after selling 39,453 shares during the period. Prana Capital Management LP’s holdings in Jack Henry & Associates were worth $1,196,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in JKHY. Raymond James Financial Inc. acquired a new position in shares of Jack Henry & Associates during the fourth quarter valued at about $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Jack Henry & Associates by 95.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company’s stock valued at $229,057,000 after acquiring an additional 643,697 shares during the period. Invesco Ltd. increased its stake in Jack Henry & Associates by 29.9% in the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company’s stock valued at $359,523,000 after acquiring an additional 471,507 shares during the period. Deutsche Bank AG increased its stake in Jack Henry & Associates by 170.6% in the fourth quarter. Deutsche Bank AG now owns 583,444 shares of the technology company’s stock valued at $102,278,000 after acquiring an additional 367,806 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Jack Henry & Associates by 406.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 348,447 shares of the technology company’s stock valued at $61,083,000 after acquiring an additional 279,628 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on JKHY shares. StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Monday. The Goldman Sachs Group raised shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price on the stock in a research note on Wednesday, April 2nd. UBS Group lowered their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $184.10.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $177.91 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of 32.11, a P/E/G ratio of 3.36 and a beta of 0.75. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The firm’s 50-day moving average price is $175.16 and its two-hundred day moving average price is $174.99.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The company had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same period in the prior year, the business earned $1.19 earnings per share. Jack Henry & Associates’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.30%. Jack Henry & Associates’s payout ratio is 39.52%.

Jack Henry & Associates Profile

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.