Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 49.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 219,985 shares of the technology company's stock after purchasing an additional 72,760 shares during the quarter. BNP Paribas Financial Markets owned about 0.30% of Jack Henry & Associates worth $38,836,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in Jack Henry & Associates by 7.8% during the third quarter. FMR LLC now owns 19,815 shares of the technology company's stock valued at $3,498,000 after purchasing an additional 1,428 shares during the period. Quantbot Technologies LP increased its holdings in Jack Henry & Associates by 23.9% during the 3rd quarter. Quantbot Technologies LP now owns 22,389 shares of the technology company's stock worth $3,953,000 after purchasing an additional 4,319 shares during the period. D.A. Davidson & CO. increased 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 purchasing an additional 61 shares during the period. Bank of Montreal Can boosted its position in Jack Henry & Associates by 3.9% during the 3rd quarter. Bank of Montreal Can now owns 137,237 shares of the technology company's stock valued at $24,152,000 after acquiring an additional 5,188 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Jack Henry & Associates during the 3rd quarter valued at $860,000. 98.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider David B. Foss sold 18,770 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were 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 directly owns 138,665 shares of the company's stock, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.37% of the stock is owned by corporate insiders.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY traded up $2.22 during midday trading on Friday, reaching $176.18. 573,129 shares of the company were exchanged, compared to its average volume of 460,715. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 1 year low of $154.77 and a 1 year high of $189.63. The stock has a fifty day simple moving average of $179.02 and a 200 day simple moving average of $171.39. The stock has a market cap of $12.85 billion, a P/E ratio of 31.86, a PEG ratio of 3.28 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS 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 during the quarter, compared to the consensus estimate of $599.56 million. During the same quarter last year, the firm earned $1.39 earnings per share. The firm's revenue was up 5.2% compared to the same quarter last year. On average, research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JKHY. Oppenheimer began coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They issued an "outperform" rating and a $206.00 price objective on the stock. UBS Group lifted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday. Royal Bank of Canada boosted their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a "sector perform" rating in a report on Thursday, November 7th. Finally, Robert W. Baird boosted their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price 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.