The Manufacturers Life Insurance Company Has $9.54 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

The Manufacturers Life Insurance Company lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,033 shares of the technology company’s stock after selling 340 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.07% of Jack Henry & Associates worth $9,539,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in JKHY. Bank of Montreal Can grew its holdings in shares of Jack Henry & Associates by 3.9% during the 3rd quarter. Bank of Montreal Can now owns 137,237 shares of the technology company’s stock worth $24,152,000 after purchasing an additional 5,188 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Jack Henry & Associates during the third quarter worth about $860,000. Davis R M Inc. increased its holdings in Jack Henry & Associates by 1.3% in the 3rd quarter. Davis R M Inc. now owns 77,337 shares of the technology company’s stock valued at $13,653,000 after buying an additional 956 shares during the period. Fisher Asset Management LLC raised its position in shares of Jack Henry & Associates by 1.3% in the 3rd quarter. Fisher Asset Management LLC now owns 7,331 shares of the technology company’s stock valued at $1,294,000 after buying an additional 95 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Jack Henry & Associates by 13.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,953 shares of the technology company’s stock worth $1,581,000 after acquiring an additional 1,031 shares during the period. Institutional investors own 98.75% of the company’s stock.

Insider Buying and Selling at Jack Henry & Associates

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

Jack Henry & Associates Trading Down 0.2 %

Shares of NASDAQ JKHY opened at $175.33 on Wednesday. The firm has a 50 day moving average price of $179.12 and a two-hundred day moving average price of $171.61. The stock has a market cap of $12.79 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 3.31 and a beta of 0.61. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $189.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data 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. The business had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. Jack Henry & Associates’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 earnings per share. As a group, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

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 issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.25%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s payout ratio is presently 40.29%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JKHY. Oppenheimer started coverage on shares of 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 began coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target for the company. William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. UBS Group lifted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird raised their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Jack Henry & Associates currently has an average rating of “Hold” and an average target price of $188.73.

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.