Franklin Resources Inc. Grows Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Franklin Resources Inc. raised its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,981 shares of the technology company’s stock after acquiring an additional 475 shares during the quarter. Franklin Resources Inc.’s holdings in Jack Henry & Associates were worth $1,655,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC raised its position in shares of Jack Henry & Associates by 3.6% in the third quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock valued at $277,000 after purchasing an additional 54 shares during the period. Bridges Investment Management Inc. raised its position in shares of Jack Henry & Associates by 1.7% in the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock valued at $575,000 after purchasing an additional 55 shares during the period. D.A. Davidson & CO. raised its position in shares of Jack Henry & Associates by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock valued at $877,000 after purchasing an additional 61 shares during the period. Advisor OS LLC raised its position in shares of Jack Henry & Associates by 1.0% in the second quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock valued at $1,100,000 after purchasing an additional 65 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Jack Henry & Associates by 0.6% in the third quarter. UMB Bank n.a. now owns 10,870 shares of the technology company’s stock valued at $1,919,000 after purchasing an additional 66 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the sale, the insider now owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Compass Point assumed coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target on the stock. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Oppenheimer began coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price on the stock. Royal Bank of Canada upped their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Finally, Robert W. Baird upped their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $189.00.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $176.88 on Friday. The company’s fifty day moving average price is $177.56 and its 200-day moving average price is $172.93. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 3.39 and a beta of 0.61. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business’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 firm earned $1.39 EPS. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates’s payout ratio is 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.