3,502 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,502 shares of the technology company's stock, valued at approximately $618,000.

Several other large investors have also recently made changes to their positions in JKHY. Principal Financial Group Inc. increased its holdings 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 buying an additional 184,210 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Jack Henry & Associates by 51.4% during the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company's stock worth $83,665,000 after purchasing an additional 171,041 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Jack Henry & Associates by 6,680.1% in the 2nd 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. Tandem Investment Advisors Inc. lifted its stake in Jack Henry & Associates by 20.4% in the second quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company's stock valued at $83,496,000 after purchasing an additional 85,175 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Jack Henry & Associates by 207.3% during the second quarter. SG Americas Securities LLC now owns 122,075 shares of the technology company's stock valued at $20,267,000 after purchasing an additional 82,351 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of the firm's stock in a transaction dated 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 transaction, the insider now directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.37% of the stock is owned by company insiders.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock traded down $0.11 during midday trading on Monday, hitting $172.39. 1,033,866 shares of the company's stock were exchanged, compared to its average volume of 458,173. The stock has a 50-day moving average price of $179.20 and a two-hundred day moving average price of $171.31. Jack Henry & Associates, Inc. has a 52-week low of $153.05 and a 52-week high of $189.63. The company has a market cap of $12.58 billion, a P/E ratio of 31.59, a PEG ratio of 3.25 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $600.98 million during the quarter, compared to analyst estimates 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 revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 earnings per share. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates's dividend payout ratio is currently 40.29%.

Analysts Set New Price Targets

JKHY has been the topic of several research reports. Oppenheimer initiated coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $206.00 target price on the stock. Compass Point began coverage on Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a "neutral" rating and a $186.00 price objective on the stock. Robert W. Baird increased their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Royal Bank of Canada lifted 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 research note on Thursday, November 7th. Finally, William Blair cut shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates currently has an average rating of "Hold" and a consensus price target of $188.73.

Jack Henry & Associates 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.