Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,965,797 shares of the technology company’s stock after acquiring an additional 996 shares during the quarter. Geode Capital Management LLC’s holdings in Jack Henry & Associates were worth $347,072,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of JKHY. V Square Quantitative Management LLC increased its stake in shares of Jack Henry & Associates by 3.6% during the third quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock worth $277,000 after acquiring an additional 54 shares during the period. Bridges Investment Management Inc. raised its stake in shares of Jack Henry & Associates by 1.7% during the 3rd quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock worth $575,000 after buying an additional 55 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Jack Henry & Associates by 1.3% in the 2nd quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock valued at $798,000 after buying an additional 60 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Jack Henry & Associates by 1.2% in the 3rd quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock valued at $877,000 after buying an additional 61 shares during the period. Finally, Advisor OS LLC grew its holdings in Jack Henry & Associates by 1.0% during the second quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock worth $1,100,000 after acquiring an additional 65 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jack Henry & Associates

In other Jack Henry & Associates 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 sale, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have 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 reissued an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Keefe, Bruyette & Woods increased their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Finally, William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $189.00.

Jack Henry & Associates Trading Down 0.4 %

Jack Henry & Associates stock opened at $179.80 on Friday. The stock has a market cap of $13.12 billion, a PE ratio of 32.93, a P/E/G ratio of 3.37 and a beta of 0.61. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $178.93 and a 200 day moving average price of $171.90. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $189.63.

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. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. During the same quarter in the previous year, the business posted $1.39 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

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.