Eagle Asset Management Inc. Decreases Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Eagle Asset Management Inc. decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 22.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,523 shares of the technology company's stock after selling 10,075 shares during the period. Eagle Asset Management Inc.'s holdings in Jack Henry & Associates were worth $6,206,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JKHY. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of 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 purchasing an additional 67,386 shares during the last quarter. Envestnet Asset Management Inc. grew its position 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 raised its position in Jack Henry & Associates by 8.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company's stock worth $152,495,000 after buying an additional 66,600 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Jack Henry & Associates by 3.2% in the 3rd quarter. Raymond James & Associates now owns 631,974 shares of the technology company's stock worth $111,569,000 after acquiring an additional 19,846 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Jack Henry & Associates by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 610,742 shares of the technology company's stock valued at $107,820,000 after acquiring an additional 2,324 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on JKHY shares. UBS Group raised their price objective 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. Oppenheimer assumed coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $206.00 price target on the stock. StockNews.com upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Compass Point initiated 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 on the stock. Finally, William Blair cut shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $188.73.

Jack Henry & Associates Trading Down 0.1 %

Shares of NASDAQ JKHY traded down $0.11 during midday trading on Monday, reaching $172.39. 1,033,767 shares of the stock were exchanged, compared to its average volume of 458,171. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $12.58 billion, a P/E ratio of 31.59, a P/E/G ratio of 3.25 and a beta of 0.63. The stock has a 50 day moving average price of $179.20 and a 200-day moving average price of $171.31. Jack Henry & Associates, Inc. has a 52-week low of $153.05 and a 52-week high of $189.63.

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 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 during the quarter, compared to the consensus estimate of $599.56 million. During the same period in the previous year, the firm posted $1.39 EPS. Jack Henry & Associates's revenue was up 5.2% on a year-over-year basis. Equities research analysts expect that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates's dividend payout ratio (DPR) is 40.29%.

Insider Activity

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates 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 transaction, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.37% of the company's stock.

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.