Swedbank AB Sells 143 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Swedbank AB cut its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,589 shares of the technology company’s stock after selling 143 shares during the quarter. Swedbank AB’s holdings in Jack Henry & Associates were worth $5,577,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its position in Jack Henry & Associates by 6,680.1% during the second quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock worth $19,158,000 after purchasing an additional 113,696 shares during the period. Boston Trust Walden Corp increased its stake in Jack Henry & Associates by 3.0% in the second quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company’s stock valued at $35,318,000 after acquiring an additional 6,173 shares during the last quarter. Harbor Capital Advisors Inc. raised its position 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 valued at $698,000 after purchasing an additional 3,113 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Jack Henry & Associates by 188.4% during the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock worth $46,819,000 after purchasing an additional 184,210 shares during the last quarter. Finally, Comerica Bank boosted its holdings in shares of Jack Henry & Associates by 17.2% in the 1st quarter. Comerica Bank now owns 40,213 shares of the technology company’s stock valued at $6,986,000 after purchasing an additional 5,912 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction on Tuesday, November 19th. The shares were 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 legal filing with the SEC, which is available through this link. Company insiders own 1.37% of the company’s stock.

Jack Henry & Associates Trading Up 0.5 %

NASDAQ JKHY opened at $173.96 on Thursday. Jack Henry & Associates, Inc. has a 12 month low of $153.23 and a 12 month high of $189.63. 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 firm has a market capitalization of $12.69 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 3.25 and a beta of 0.63. The business’s 50-day moving average price is $179.05 and its two-hundred day moving average price is $171.38.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.02. The firm had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.39 EPS. On average, analysts expect that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.55 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.26%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 40.29%.

Analysts Set New Price Targets

JKHY has been the subject of several recent analyst reports. William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Stephens restated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods upped their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. UBS Group raised their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada upped their price target 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. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $188.73.

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.