4,873 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,873 shares of the technology company's stock, valued at approximately $860,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Jack Henry & Associates by 6,680.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company's stock worth $19,158,000 after acquiring an additional 113,696 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Jack Henry & Associates by 3.0% in the 2nd quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company's stock worth $35,318,000 after acquiring an additional 6,173 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Jack Henry & Associates by 285.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,204 shares of the technology company's stock worth $698,000 after acquiring an additional 3,113 shares in the last quarter. Principal Financial Group Inc. raised its position in Jack Henry & Associates by 188.4% in the 2nd quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company's stock worth $46,819,000 after purchasing an additional 184,210 shares during the last quarter. Finally, Comerica Bank raised its position in Jack Henry & Associates by 17.2% in the 1st quarter. Comerica Bank now owns 40,213 shares of the technology company's stock worth $6,986,000 after purchasing an additional 5,912 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JKHY. Stephens restated an "equal weight" rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Robert W. Baird boosted their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a research report on Thursday, November 7th. Compass Point began coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a "neutral" rating and a $186.00 price objective for the company. Finally, William Blair cut shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $188.73.

Jack Henry & Associates Trading Up 0.5 %

Shares of Jack Henry & Associates stock traded up $0.86 on Thursday, hitting $173.96. 723,614 shares of the company's stock traded hands, compared to its average volume of 460,227. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. Jack Henry & Associates, Inc. has a one year low of $153.23 and a one year high of $189.63. The firm's 50-day moving average price is $179.05 and its two-hundred day moving average price is $171.38. The stock has a market capitalization of $12.69 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 3.25 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released 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 business had revenue of $600.98 million during the quarter, compared to analysts' expectations of $599.56 million. During the same quarter in the prior year, the company earned $1.39 EPS. The firm's quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates's dividend payout ratio is currently 40.29%.

Insider Activity at Jack Henry & Associates

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 value of $3,215,676.40. Following the completion of the transaction, 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 this link. 1.37% of the stock is owned by corporate 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.