Pensionfund Sabic Takes $1.32 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Pensionfund Sabic bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 7,500 shares of the technology company’s stock, valued at approximately $1,315,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB raised its holdings in shares of Jack Henry & Associates by 50.8% in the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after purchasing an additional 263,021 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of Jack Henry & Associates in the fourth quarter valued at $291,000. GAMMA Investing LLC increased its holdings in shares of Jack Henry & Associates by 38.4% in the fourth quarter. GAMMA Investing LLC now owns 2,332 shares of the technology company’s stock valued at $409,000 after buying an additional 647 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after acquiring an additional 131,515 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Jack Henry & Associates by 21.1% during the 3rd quarter. Principal Financial Group Inc. now owns 341,460 shares of the technology company’s stock worth $60,281,000 after acquiring an additional 59,450 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Jack Henry & Associates

In related news, insider David B. Foss sold 18,770 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the sale, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. This represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on JKHY shares. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Stephens reiterated an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Robert W. Baird boosted their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods raised 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 note on Thursday, November 7th. Finally, 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, November 7th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $189.00.

Jack Henry & Associates Price Performance

JKHY opened at $169.63 on Tuesday. The stock has a fifty day moving average price of $176.34 and a 200 day moving average price of $173.56. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 3.39 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $600.98 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 EPS. Analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates’s payout ratio is presently 40.29%.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.