Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by KBC Group NV

KBC Group NV decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 19.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,211 shares of the technology company’s stock after selling 3,813 shares during the quarter. KBC Group NV’s holdings in Jack Henry & Associates were worth $2,862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Jack Henry & Associates by 0.5% during the first quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock valued at $1,509,441,000 after purchasing an additional 39,456 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Jack Henry & Associates by 1.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company’s stock worth $657,158,000 after buying an additional 67,386 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Jack Henry & Associates by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company’s stock worth $175,342,000 after buying an additional 23,617 shares in the last quarter. Handelsbanken Fonder AB boosted its position in Jack Henry & Associates by 8.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company’s stock valued at $152,495,000 after buying an additional 66,600 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of Jack Henry & Associates by 3.2% during the third quarter. Raymond James & Associates now owns 631,974 shares of the technology company’s stock valued at $111,569,000 after acquiring an additional 19,846 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Down 0.7 %

NASDAQ:JKHY opened at $172.06 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average of $179.46 and a 200-day moving average of $171.05. The firm has a market capitalization of $12.55 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 3.26 and a beta of 0.63. Jack Henry & Associates, Inc. has a 52 week low of $151.59 and a 52 week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The firm 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%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 EPS. Analysts predict that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given a $0.55 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.20 annualized dividend and a yield of 1.28%. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

Analysts Set New Price Targets

JKHY has been the topic of several recent analyst reports. William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Robert W. Baird increased their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods lifted their price target 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. Compass Point assumed coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective for the company. Finally, Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $188.73.

Jack Henry & Associates 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.