Vontobel Holding Ltd. Has $917,000 Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Vontobel Holding Ltd. cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,195 shares of the technology company’s stock after selling 141 shares during the quarter. Vontobel Holding Ltd.’s holdings in Jack Henry & Associates were worth $917,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Strategic Financial Concepts LLC bought a new position in shares of Jack Henry & Associates in the second quarter worth about $25,000. Tortoise Investment Management LLC increased its holdings in shares of Jack Henry & Associates by 76.3% in the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. New Covenant Trust Company N.A. bought a new position in Jack Henry & Associates in the 1st quarter worth approximately $30,000. Blue Trust Inc. raised its position in Jack Henry & Associates by 148.9% in the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after purchasing an additional 134 shares during the last quarter. Finally, Riverview Trust Co acquired a new position in Jack Henry & Associates during the 1st quarter worth $51,000. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Stock Up 0.1 %

Shares of NASDAQ:JKHY opened at $186.12 on Monday. The company has a 50 day moving average price of $174.49 and a two-hundred day moving average price of $169.06. 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 company has a market capitalization of $13.57 billion, a PE ratio of 35.93, a PEG ratio of 3.35 and a beta of 0.64. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $186.93.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.08. The business had revenue of $559.91 million during the quarter, compared to analysts’ expectations of $563.37 million. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. During the same quarter in the prior year, the company earned $1.34 EPS. Analysts forecast that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Oppenheimer initiated coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price for the company. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods raised their target price on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, August 22nd. Robert W. Baird boosted 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. Finally, Compass Point began coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $187.11.

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.