Mutual of America Capital Management LLC Sells 214 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mutual of America Capital Management LLC lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,978 shares of the technology company’s stock after selling 214 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Jack Henry & Associates were worth $1,585,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in JKHY. Assenagon Asset Management S.A. boosted its holdings in Jack Henry & Associates by 6,680.1% in the second quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock worth $19,158,000 after acquiring an additional 113,696 shares in the last quarter. Boston Trust Walden Corp increased its stake in Jack Henry & Associates by 3.0% during the 2nd quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company’s stock valued at $35,318,000 after purchasing an additional 6,173 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Jack Henry & Associates by 285.3% during the second quarter. Harbor Capital Advisors Inc. now owns 4,204 shares of the technology company’s stock worth $698,000 after buying an additional 3,113 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Jack Henry & Associates by 188.4% in the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock valued at $46,819,000 after buying an additional 184,210 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of Jack Henry & Associates by 17.2% during the first quarter. Comerica Bank now owns 40,213 shares of the technology company’s stock valued at $6,986,000 after buying an additional 5,912 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Jack Henry & Associates

In related news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the sale, the insider now owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JKHY. Robert W. Baird upped their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods lifted their target price on 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. Oppenheimer assumed coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target for the company. Finally, StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $188.73.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $172.39 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $12.58 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 3.25 and a beta of 0.63. Jack Henry & Associates, Inc. has a 52-week low of $153.05 and a 52-week high of $189.63. The company has a 50-day simple moving average of $179.20 and a 200 day simple moving average of $171.31.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping 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 company had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. During the same quarter in the previous year, the firm posted $1.39 EPS. Jack Henry & Associates’s revenue was up 5.2% on a year-over-year basis. On average, research analysts predict that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a $0.55 dividend. The ex-dividend date 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 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.