FORA Capital LLC Has $481,000 Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

FORA Capital LLC trimmed its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 58.3% during the third quarter, HoldingsChannel.com reports. The fund owned 2,726 shares of the technology company’s stock after selling 3,808 shares during the period. FORA Capital LLC’s holdings in Jack Henry & Associates were worth $481,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC grew its stake in Jack Henry & Associates by 3.6% in the third quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock valued at $277,000 after acquiring an additional 54 shares during the period. Bridges Investment Management Inc. grew its position in shares of Jack Henry & Associates by 1.7% in the 3rd quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock valued at $575,000 after purchasing an additional 55 shares during the period. Raymond James Trust N.A. increased its stake in Jack Henry & Associates by 1.3% during the 2nd quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock worth $798,000 after purchasing an additional 60 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Jack Henry & Associates by 1.2% during the 3rd quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock worth $877,000 after buying an additional 61 shares during the period. Finally, Advisor OS LLC lifted its stake in Jack Henry & Associates by 1.0% in the second quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock valued at $1,100,000 after buying an additional 65 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on JKHY. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada lifted their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods upped their price objective on 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. Robert W. Baird increased their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Stephens restated an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and a consensus target price of $188.73.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $173.96 on Friday. The stock has a market cap of $12.69 billion, a P/E ratio of 31.86, a P/E/G ratio of 3.28 and a beta of 0.63. The company has a fifty day moving average price of $179.02 and a two-hundred day moving average price of $171.39. Jack Henry & Associates, Inc. has a one year low of $153.23 and a one year high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11.

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. The business had revenue of $600.98 million during the quarter, compared to analysts’ expectations of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. Jack Henry & Associates’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $1.39 earnings per share. As a group, equities analysts predict that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

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

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.37% of the company’s stock.

About Jack Henry & Associates

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.