TimesSquare Capital Management LLC Sells 2,055 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

TimesSquare Capital Management LLC decreased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 24.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,300 shares of the technology company’s stock after selling 2,055 shares during the period. TimesSquare Capital Management LLC’s holdings in Jack Henry & Associates were worth $1,112,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Jack Henry & Associates by 6,680.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock worth $19,158,000 after purchasing an additional 113,696 shares during the period. Boston Trust Walden Corp increased its position in Jack Henry & Associates by 3.0% during the second quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company’s stock valued at $35,318,000 after acquiring an additional 6,173 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Jack Henry & Associates by 4.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 91,114 shares of the technology company’s stock valued at $15,829,000 after acquiring an additional 4,252 shares during the period. Epoch Investment Partners Inc. lifted its holdings in shares of Jack Henry & Associates by 23.3% in the 1st quarter. Epoch Investment Partners Inc. now owns 359,330 shares of the technology company’s stock worth $62,426,000 after acquiring an additional 67,816 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its stake in shares of Jack Henry & Associates by 569.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 6,049 shares of the technology company’s stock worth $1,051,000 after purchasing an additional 5,146 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JKHY. Robert W. Baird increased their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada raised their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday. Oppenheimer assumed coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price objective on the stock. William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Stephens restated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $188.73.

Jack Henry & Associates Trading Down 0.1 %

Shares of NASDAQ:JKHY opened at $179.77 on Monday. The business’s 50-day moving average is $179.26 and its 200 day moving average is $170.68. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.51 and a quick ratio of 1.00. Jack Henry & Associates, Inc. has a 1 year low of $146.46 and a 1 year high of $189.63. The firm has a market capitalization of $13.11 billion, a P/E ratio of 32.92, a P/E/G ratio of 3.37 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. The firm had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 earnings per share. On average, research analysts predict that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 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.