Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Fmr LLC

Fmr LLC grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,815 shares of the technology company’s stock after acquiring an additional 1,428 shares during the period. Fmr LLC’s holdings in Jack Henry & Associates were worth $3,498,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of JKHY. Strategic Financial Concepts LLC bought a new position in shares of Jack Henry & Associates during the second quarter worth about $25,000. Tortoise Investment Management LLC lifted its position in shares of Jack Henry & Associates by 76.3% during the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Jack Henry & Associates by 148.9% during the second 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. Catalyst Capital Advisors LLC bought a new position in shares of Jack Henry & Associates during the third quarter worth about $48,000. Finally, International Assets Investment Management LLC bought a new position in shares of Jack Henry & Associates during the second quarter worth about $63,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.37% of the company’s stock.

Jack Henry & Associates Stock Down 0.4 %

JKHY stock opened at $179.80 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The company has a fifty day simple moving average of $178.93 and a 200 day simple moving average of $171.90. The firm has a market cap of $13.12 billion, a PE ratio of 32.93, a PEG ratio of 3.37 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. The firm had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be issued 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 1.22%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on JKHY shares. Oppenheimer started coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price on the stock. Keefe, Bruyette & Woods raised their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, UBS Group raised their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $189.00.

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.