Inspire Investing LLC Sells 2,091 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Inspire Investing LLC reduced its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 56.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,613 shares of the technology company’s stock after selling 2,091 shares during the period. Inspire Investing LLC’s holdings in Jack Henry & Associates were worth $285,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in JKHY. Virtu Financial LLC purchased a new position in Jack Henry & Associates in the 4th quarter worth $210,000. Nomura Holdings Inc. purchased a new position in shares of Jack Henry & Associates in the fourth quarter worth about $239,000. GAMMA Investing LLC lifted its stake in shares of Jack Henry & Associates by 75.7% in the 1st quarter. GAMMA Investing LLC now owns 840 shares of the technology company’s stock valued at $146,000 after acquiring an additional 362 shares during the last quarter. Mather Group LLC. purchased a new stake in Jack Henry & Associates during the 1st quarter valued at about $106,000. Finally, Czech National Bank boosted its holdings in Jack Henry & Associates by 0.5% during the 1st quarter. Czech National Bank now owns 12,821 shares of the technology company’s stock valued at $2,227,000 after acquiring an additional 65 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JKHY shares. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Compass Point started coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $181.00 price target on shares of Jack Henry & Associates in a report on Friday, September 6th. Robert W. Baird upped their price objective 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. Finally, Oppenheimer started coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $184.90.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $186.12 on Friday. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $186.93. The stock’s 50 day simple moving average is $174.49 and its two-hundred day simple moving average is $169.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $13.57 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 3.35 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.08. The company had revenue of $559.91 million for the quarter, compared to analyst estimates 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 in the previous year, the company posted $1.34 earnings per share. As a group, analysts expect that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.18%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 42.47%.

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.