Taylor Frigon Capital Management LLC Purchases 197 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Taylor Frigon Capital Management LLC raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,826 shares of the technology company’s stock after acquiring an additional 197 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Jack Henry & Associates were worth $1,382,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in Jack Henry & Associates by 188.4% during 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 during the period. Mackenzie Financial Corp grew its holdings in Jack Henry & Associates by 51.4% during the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock valued at $83,665,000 after buying an additional 171,041 shares in the last quarter. TD Asset Management Inc grew its holdings in Jack Henry & Associates by 25.6% during the 1st quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock valued at $118,894,000 after buying an additional 139,582 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Jack Henry & Associates by 6,680.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock valued at $19,158,000 after buying an additional 113,696 shares in the last quarter. Finally, Tandem Investment Advisors Inc. grew its holdings in Jack Henry & Associates by 20.4% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company’s stock valued at $83,496,000 after buying an additional 85,175 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.2 %

Jack Henry & Associates stock traded down $0.29 during mid-day trading on Thursday, hitting $184.13. The company’s stock had a trading volume of 70,156 shares, compared to its average volume of 437,403. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $186.93. The stock’s fifty day moving average is $175.69 and its two-hundred day moving average is $169.37. The firm has a market capitalization of $13.42 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 3.35 and a beta of 0.64. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.08. The business had revenue of $559.91 million for the quarter, compared to analysts’ expectations of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same period last year, the firm earned $1.34 earnings per share. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 5.82 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. Stockholders 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 dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 42.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on JKHY shares. Compass Point started coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price for the company. Royal Bank of Canada restated a “sector perform” rating and set a $181.00 price objective on shares of Jack Henry & Associates in a report on Friday, September 6th. Robert W. Baird lifted their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods boosted their price target on Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, August 22nd. Finally, 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 target for the company. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $187.11.

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.