Caisse DE Depot ET Placement DU Quebec Makes New $1.65 Million Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Caisse DE Depot ET Placement DU Quebec bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 9,352 shares of the technology company's stock, valued at approximately $1,651,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in JKHY. Kayne Anderson Rudnick Investment Management LLC increased its stake in Jack Henry & Associates by 1.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company's stock valued at $657,158,000 after buying an additional 67,386 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Jack Henry & Associates by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company's stock valued at $175,342,000 after buying an additional 23,617 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Jack Henry & Associates by 8.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company's stock valued at $152,495,000 after buying an additional 66,600 shares during the last quarter. Raymond James & Associates increased its stake in Jack Henry & Associates by 3.2% in the 3rd quarter. Raymond James & Associates now owns 631,974 shares of the technology company's stock valued at $111,569,000 after buying an additional 19,846 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Jack Henry & Associates by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 610,742 shares of the technology company's stock valued at $107,820,000 after buying an additional 2,324 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY traded down $2.97 on Wednesday, hitting $172.36. The company's stock had a trading volume of 1,265,547 shares, compared to its average volume of 466,332. The company has a market capitalization of $12.58 billion, a PE ratio of 31.73, a PEG ratio of 3.31 and a beta of 0.61. 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 company has a 50-day simple moving average of $179.12 and a 200 day simple moving average of $171.61. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63.

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. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. During the same quarter in the previous year, the firm earned $1.39 earnings per share. Jack Henry & Associates's revenue was up 5.2% on a year-over-year basis. Sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates's payout ratio is 40.29%.

Wall Street Analysts Forecast Growth

JKHY has been the subject of several research analyst reports. Oppenheimer initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They set an "outperform" rating and a $206.00 price target for the company. William Blair downgraded Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Royal Bank of Canada boosted their price objective 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. Compass Point assumed coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They set a "neutral" rating and a $186.00 target price for the company. Finally, UBS Group boosted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $188.73.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of the 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 of the company's stock, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is owned by insiders.

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.