QRG Capital Management Inc. Has $274,000 Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

QRG Capital Management Inc. reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 30.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,550 shares of the technology company’s stock after selling 663 shares during the period. QRG Capital Management Inc.’s holdings in Jack Henry & Associates were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. lifted its position in shares of Jack Henry & Associates by 19.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 44,333 shares of the technology company’s stock valued at $7,827,000 after acquiring an additional 7,082 shares during the period. Van ECK Associates Corp lifted its position in Jack Henry & Associates by 3.9% during the third quarter. Van ECK Associates Corp now owns 48,919 shares of the technology company’s stock worth $9,022,000 after purchasing an additional 1,857 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Jack Henry & Associates by 119.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 9,209 shares of the technology company’s stock valued at $1,626,000 after buying an additional 5,005 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Jack Henry & Associates by 1.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 129,618 shares of the technology company’s stock worth $22,883,000 after acquiring an additional 2,351 shares in the last quarter. Finally, Phillips Wealth Planners LLC acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter worth approximately $226,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analysts Set New Price Targets

JKHY has been the topic of a number of research analyst reports. UBS Group raised their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Oppenheimer assumed coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price objective on the stock. Compass Point started coverage on Jack Henry & Associates in a research note on Wednesday, September 4th. They set a “neutral” rating and a $186.00 target price for the company. Keefe, Bruyette & Woods increased their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada upped their price objective on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $188.73.

Jack Henry & Associates Stock Down 1.5 %

Shares of JKHY opened at $177.06 on Tuesday. The stock’s 50-day moving average price is $179.26 and its two-hundred day moving average price is $170.68. Jack Henry & Associates, Inc. has a 12 month low of $146.46 and a 12 month high of $189.63. The company has a market capitalization of $12.91 billion, a PE ratio of 32.37, a PEG ratio of 3.37 and a beta of 0.63. The company has a current ratio of 0.51, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data 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 company had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 earnings per share. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is presently 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.