Townsquare Capital LLC Acquires 67 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Townsquare Capital LLC lifted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,601 shares of the technology company’s stock after purchasing an additional 67 shares during the period. Townsquare Capital LLC’s holdings in Jack Henry & Associates were worth $1,695,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Tortoise Investment Management LLC lifted its stake in Jack Henry & Associates by 76.3% in the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after buying an additional 71 shares during the period. Blue Trust Inc. increased its stake in shares of Jack Henry & Associates by 148.9% in the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after acquiring an additional 134 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at approximately $48,000. International Assets Investment Management LLC bought a new position in Jack Henry & Associates during the 2nd quarter worth approximately $63,000. Finally, Exchange Traded Concepts LLC acquired a new position in Jack Henry & Associates during the third quarter valued at approximately $68,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on JKHY. UBS Group increased their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Stephens reaffirmed an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods increased their price target on 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, Compass Point started coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $188.73.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $176.18 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a twelve month low of $154.77 and a twelve month high of $189.63. The stock has a market capitalization of $12.85 billion, a P/E ratio of 32.27, a P/E/G ratio of 3.32 and a beta of 0.63. The company has a 50 day moving average of $179.07 and a 200-day moving average of $171.52.

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

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Jack Henry & Associates Company 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.