Securian Asset Management Inc. Sells 460 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Securian Asset Management Inc. lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,617 shares of the technology company’s stock after selling 460 shares during the quarter. Securian Asset Management Inc.’s holdings in Jack Henry & Associates were worth $754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. NBC Securities Inc. purchased a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at about $30,000. Planned Solutions Inc. purchased a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $33,000. Anchor Investment Management LLC purchased a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $35,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $44,000. Finally, Federated Hermes Inc. purchased a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at about $72,000. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JKHY shares. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Royal Bank of Canada raised their price target on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. DA Davidson reissued a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, April 30th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. Finally, Robert W. Baird raised their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates currently has an average rating of “Hold” and an average target price of $174.42.

Check Out Our Latest Report on Jack Henry & Associates

Jack Henry & Associates Price Performance

JKHY opened at $169.63 on Thursday. The stock’s 50 day simple moving average is $168.06 and its 200 day simple moving average is $166.14. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.39 and a quick ratio of 1.39. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37. The firm has a market cap of $12.37 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 4.36 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. The firm had revenue of $538.56 million for the quarter, compared to analyst estimates of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $1.12 EPS. As a group, analysts predict that Jack Henry & Associates, Inc. will post 5.2 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th will be given a $0.55 dividend. The ex-dividend date is Friday, May 24th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.30%. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

Jack Henry & Associates Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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