Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Missouri Trust & Investment Co

Missouri Trust & Investment Co lowered its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 40.0% in the third quarter, Holdings Channel.com reports. The fund owned 300 shares of the technology company’s stock after selling 200 shares during the quarter. Missouri Trust & Investment Co’s holdings in Jack Henry & Associates were worth $53,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of 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 worth $46,819,000 after acquiring an additional 184,210 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Jack Henry & Associates by 51.4% in the second 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 raised its stake in shares of 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 worth $118,894,000 after buying an additional 139,582 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Jack Henry & Associates by 6,680.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock worth $19,158,000 after buying an additional 113,696 shares in the last quarter. Finally, Tandem Investment Advisors Inc. grew its stake in Jack Henry & Associates by 20.4% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company’s stock valued at $83,496,000 after acquiring an additional 85,175 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Down 0.8 %

Shares of Jack Henry & Associates stock traded down $1.41 during trading hours on Tuesday, reaching $175.65. The stock had a trading volume of 66,295 shares, compared to its average volume of 445,429. The company has a current ratio of 0.51, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 1 year low of $146.46 and a 1 year high of $189.63. The firm has a market capitalization of $12.81 billion, a price-to-earnings ratio of 32.43, a P/E/G ratio of 3.37 and a beta of 0.63. The firm has a 50 day simple moving average of $179.26 and a two-hundred day simple moving average of $170.68.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results 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. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The firm had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. During the same period in the previous year, the company posted $1.39 earnings per share. Jack Henry & Associates’s revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.25%. Jack Henry & Associates’s dividend payout ratio (DPR) is 40.29%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JKHY. Oppenheimer assumed coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target for the company. Stephens reissued an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Robert W. Baird raised their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Finally, StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.