22,693 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Bought by Clean Yield Group

Clean Yield Group bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 22,693 shares of the technology company's stock, valued at approximately $3,978,000. Jack Henry & Associates makes up about 1.3% of Clean Yield Group's portfolio, making the stock its 26th largest holding.

A number of other large investors have also made changes to their positions in the company. Nordea Investment Management AB grew 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 valued at $136,720,000 after acquiring an additional 263,021 shares in the last quarter. Mackenzie Financial Corp grew its position in Jack Henry & Associates by 51.4% during the second quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company's stock valued at $83,665,000 after purchasing an additional 171,041 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Jack Henry & Associates by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock valued at $316,326,000 after buying an additional 131,515 shares during the period. Benjamin Edwards Inc. lifted its position in Jack Henry & Associates by 2,032.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company's stock worth $22,540,000 after buying an additional 121,667 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Jack Henry & Associates by 80.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 207,757 shares of the technology company's stock valued at $36,677,000 after buying an additional 92,359 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.

Insider Activity

In other news, insider David B. Foss sold 18,770 shares of the company's stock in a transaction dated 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.37% of the stock is owned by company insiders.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY traded up $1.25 during midday trading on Monday, reaching $173.25. The stock had a trading volume of 736,448 shares, compared to its average volume of 546,307. The stock has a market capitalization of $12.64 billion, a P/E ratio of 31.73, a PEG ratio of 3.39 and a beta of 0.61. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $189.63. 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 firm's fifty day simple moving average is $175.31 and its 200-day simple moving average is $173.78.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $599.56 million. During the same period last year, the business posted $1.39 earnings per share. The firm's revenue was up 5.2% compared to the same quarter last year. On average, equities research 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 declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.27%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 40.29%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. UBS Group increased 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. William Blair downgraded Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Robert W. Baird lifted their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Oppenheimer started 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. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a research note on Thursday, November 7th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $189.00.

Jack Henry & Associates Company Profile

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.