Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) by 8.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 172,900 shares of the technology company’s stock after purchasing an additional 13,535 shares during the quarter. Rhumbline Advisers owned about 0.24% of Jack Henry & Associates worth $31,125,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Walker Asset Management LLC boosted its holdings in shares of Jack Henry & Associates by 6,064.1% in the second quarter. Walker Asset Management LLC now owns 15,291,939 shares of the technology company’s stock valued at $2,863,830,000 after acquiring an additional 15,043,859 shares in the last quarter. APG Asset Management N.V. boosted its holdings in shares of Jack Henry & Associates by 160.9% in the first quarter. APG Asset Management N.V. now owns 4,422,791 shares of the technology company’s stock valued at $783,275,000 after acquiring an additional 2,727,700 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Jack Henry & Associates by 77.7% in the first quarter. JPMorgan Chase & Co. now owns 1,040,077 shares of the technology company’s stock valued at $204,945,000 after acquiring an additional 454,724 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Jack Henry & Associates by 215.8% in the first quarter. Lord Abbett & CO. LLC now owns 642,639 shares of the technology company’s stock valued at $126,632,000 after acquiring an additional 439,114 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of Jack Henry & Associates by 523.8% in the first quarter. Baird Financial Group Inc. now owns 246,806 shares of the technology company’s stock valued at $48,633,000 after acquiring an additional 207,243 shares in the last quarter. 90.80% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Up 0.6 %

Shares of NASDAQ JKHY opened at $190.06 on Thursday. Jack Henry & Associates, Inc. has a 12-month low of $147.50 and a 12-month high of $212.62. The company has a market capitalization of $13.86 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 4.26 and a beta of 0.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s 50-day moving average is $186.41 and its two-hundred day moving average is $189.16.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last announced its quarterly earnings results on Wednesday, November 9th. The technology company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.05. Jack Henry & Associates had a net margin of 18.51% and a return on equity of 26.99%. The company had revenue of $529.20 million for the quarter, compared to the consensus estimate of $529.86 million. During the same quarter in the prior year, the firm earned $1.38 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities analysts anticipate that Jack Henry & Associates, Inc. will post 4.93 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Thursday, December 1st will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Wednesday, November 30th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.04%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Credit Suisse Group lifted their target price on shares of Jack Henry & Associates from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, August 18th. Royal Bank of Canada decreased their price objective on shares of Jack Henry & Associates from $199.00 to $193.00 and set a “sector perform” rating on the stock in a report on Thursday, November 10th. Oppenheimer decreased their price objective on shares of Jack Henry & Associates from $197.00 to $191.00 in a report on Thursday, November 10th. Evercore ISI decreased their price objective on shares of Jack Henry & Associates to $170.00 in a report on Tuesday, November 15th. Finally, DA Davidson decreased their price objective on shares of Jack Henry & Associates to $198.00 in a report on Tuesday, November 15th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and an average price target of $186.17.

Insider Buying and Selling at Jack Henry & Associates

In other news, CEO David B. Foss sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $188.11, for a total value of $3,009,760.00. Following the completion of the transaction, the chief executive officer now owns 106,099 shares of the company’s stock, valued at $19,958,282.89. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.58% of the company’s stock.

About Jack Henry & Associates

(Get Rating)

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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