Board of the Pension Protection Fund Invests $649,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Board of the Pension Protection Fund purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 3,700 shares of the technology company's stock, valued at approximately $649,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Jack Henry & Associates by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after purchasing an additional 131,515 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at $618,000. Nordea Investment Management AB raised its stake in Jack Henry & Associates by 50.8% during the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after buying an additional 263,021 shares during the period. XTX Topco Ltd lifted its holdings in Jack Henry & Associates by 137.3% during the third quarter. XTX Topco Ltd now owns 7,761 shares of the technology company's stock worth $1,370,000 after acquiring an additional 4,491 shares in the last quarter. Finally, Pensionfund Sabic acquired a new position in Jack Henry & Associates in the fourth quarter valued at about $1,315,000. Institutional investors own 98.75% of the company's stock.

Insider Transactions at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates 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 transaction, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.37% of the stock is owned by company insiders.

Analyst Ratings Changes

JKHY has been the topic of a number of research analyst reports. UBS Group raised their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. William Blair downgraded shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 6th. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a report on Tuesday. They issued an "underweight" rating and a $155.00 price target for the company. Royal Bank of Canada raised their price objective 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. Finally, Robert W. Baird upped 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 note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $185.91.

Jack Henry & Associates Stock Down 0.2 %

Shares of NASDAQ:JKHY traded down $0.40 during midday trading on Wednesday, reaching $171.97. The company had a trading volume of 696,976 shares, compared to its average volume of 590,753. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $189.63. The stock has a market cap of $12.55 billion, a PE ratio of 31.50, a P/E/G ratio of 3.39 and a beta of 0.61. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The business's 50 day moving average price is $174.88 and its 200 day moving average price is $173.81.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. The firm had revenue of $600.98 million for 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%. The business's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 EPS. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Monday, December 2nd. Jack Henry & Associates's dividend payout ratio (DPR) is presently 40.29%.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.