Benjamin Edwards Inc. Increases Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Benjamin Edwards Inc. increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 2,032.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 127,654 shares of the technology company's stock after acquiring an additional 121,667 shares during the period. Benjamin Edwards Inc. owned approximately 0.17% of Jack Henry & Associates worth $22,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Jack Henry & Associates by 188.4% in 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 in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Jack Henry & Associates by 51.4% in the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company's stock valued at $83,665,000 after acquiring an additional 171,041 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Jack Henry & Associates by 6,680.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company's stock valued at $19,158,000 after acquiring an additional 113,696 shares during the last quarter. Tandem Investment Advisors Inc. grew its holdings in shares of Jack Henry & Associates by 20.4% during the second quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company's stock worth $83,496,000 after purchasing an additional 85,175 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Jack Henry & Associates by 207.3% in 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 in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Up 0.0 %

NASDAQ:JKHY traded up $0.03 during trading hours on Monday, hitting $175.66. The company had a trading volume of 807,901 shares, compared to its average volume of 462,211. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a 50-day moving average price of $179.07 and a 200 day moving average price of $171.52. The company has a market capitalization of $12.82 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 3.32 and a beta of 0.63. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The firm had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. During the same quarter in the previous year, the firm posted $1.39 EPS. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities research analysts predict that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates's dividend payout ratio is currently 40.29%.

Insider Activity

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 value of $3,215,676.40. Following the sale, the insider now directly owns 138,665 shares of the company's stock, valued at $23,756,087.80. The trade was a 11.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They set an "outperform" rating and a $206.00 price objective on the stock. Robert W. Baird raised their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Stephens reiterated an "equal weight" rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Compass Point assumed coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a "neutral" rating and a $186.00 target price for the company. Finally, William Blair lowered Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Eleven 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 stock presently has an average rating of "Hold" and an average target price of $188.73.

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.