FORA Capital LLC Sells 3,808 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

FORA Capital LLC lowered its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 58.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,726 shares of the technology company's stock after selling 3,808 shares during the period. FORA Capital LLC's holdings in Jack Henry & Associates were worth $481,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Blueshift Asset Management LLC purchased a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at about $319,000. Glenmede Trust Co. NA raised its holdings in shares of Jack Henry & Associates by 5.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,188 shares of the technology company's stock valued at $563,000 after buying an additional 174 shares in the last quarter. Bridgewater Associates LP raised its holdings in shares of Jack Henry & Associates by 9.9% during the 3rd quarter. Bridgewater Associates LP now owns 20,170 shares of the technology company's stock valued at $3,561,000 after buying an additional 1,816 shares in the last quarter. Townsquare Capital LLC raised its holdings in shares of Jack Henry & Associates by 0.7% during the 3rd quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company's stock valued at $1,695,000 after buying an additional 67 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Jack Henry & Associates by 49.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company's stock valued at $38,836,000 after buying an additional 72,760 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Up 1.3 %

Shares of JKHY stock traded up $2.22 during trading hours on Friday, reaching $176.18. The company's stock had a trading volume of 573,129 shares, compared to its average volume of 460,715. The stock has a market capitalization of $12.85 billion, a P/E ratio of 31.86, a P/E/G ratio of 3.28 and a beta of 0.63. Jack Henry & Associates, Inc. has a one year low of $154.77 and a one year high of $189.63. The firm's fifty day simple moving average is $179.02 and its 200 day simple moving average is $171.39. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates 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% compared to the same quarter last year. During the same period last year, the company earned $1.39 EPS. Equities research analysts expect that Jack Henry & Associates, Inc. will post 5.8 EPS for the current 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 given a $0.55 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.25%. Jack Henry & Associates's dividend payout ratio is currently 40.29%.

Insider Transactions at Jack Henry & Associates

In related 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 sale, the insider now directly owns 138,665 shares in the company, valued at $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JKHY. StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday. Compass Point began coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a "neutral" rating and a $186.00 price objective on the stock. UBS Group raised their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods raised their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a report on Thursday, November 7th. Finally, Robert W. Baird raised their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Jack Henry & Associates currently has an average rating of "Hold" and a consensus target price of $188.73.

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.