Quantum Private Wealth LLC Sells 201 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Quantum Private Wealth LLC lowered its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,488 shares of the technology company’s stock after selling 201 shares during the quarter. Quantum Private Wealth LLC’s holdings in Jack Henry & Associates were worth $263,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of JKHY. Principal Financial Group Inc. raised its holdings in shares of Jack Henry & Associates by 188.4% in the 2nd quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock valued at $46,819,000 after purchasing an additional 184,210 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Jack Henry & Associates by 51.4% in the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock valued at $83,665,000 after purchasing an additional 171,041 shares in the last quarter. TD Asset Management Inc grew its position in shares of Jack Henry & Associates by 25.6% in the 1st quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock worth $118,894,000 after buying an additional 139,582 shares during the last quarter. Assenagon Asset Management S.A. grew its position 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 buying an additional 113,696 shares during the last quarter. Finally, Tandem Investment Advisors Inc. grew its position in shares of Jack Henry & Associates by 20.4% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company’s stock worth $83,496,000 after buying an additional 85,175 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

JKHY opened at $179.40 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a fifty day moving average price of $179.13 and a 200 day moving average price of $170.51. Jack Henry & Associates, Inc. has a 1 year low of $146.46 and a 1 year high of $189.63. The stock has a market cap of $13.08 billion, a P/E ratio of 34.48, a P/E/G ratio of 3.38 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results 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. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The firm had revenue of $600.98 million during the quarter, compared to analysts’ expectations of $599.56 million. During the same period in the previous year, the business posted $1.39 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is presently 42.15%.

Analyst Upgrades and Downgrades

JKHY has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday. UBS Group lifted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday. Robert W. Baird lifted 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 lifted 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. Finally, Oppenheimer started coverage on shares of 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. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and an average target price of $188.73.

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.