Hilltop Holdings Inc. Buys New Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Hilltop Holdings Inc. bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,602 shares of the technology company's stock, valued at approximately $1,342,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in Jack Henry & Associates by 1.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company's stock worth $657,158,000 after buying an additional 67,386 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of 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 acquiring an additional 23,617 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of 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 acquiring an additional 66,600 shares during the last quarter. Raymond James & Associates increased its stake in Jack Henry & Associates by 3.2% during the 3rd quarter. Raymond James & Associates now owns 631,974 shares of the technology company's stock worth $111,569,000 after purchasing an additional 19,846 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Jack Henry & Associates by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 610,742 shares of the technology company's stock worth $107,820,000 after purchasing an additional 2,324 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Analyst Upgrades and Downgrades

JKHY has been the subject of a number of recent research reports. Compass Point initiated coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a "neutral" rating and a $186.00 price target for the company. Stephens reissued an "equal weight" rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Robert W. Baird increased 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. StockNews.com downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Finally, Oppenheimer initiated coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They issued an "outperform" rating and a $206.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $188.73.

Jack Henry & Associates Trading Down 1.7 %

Shares of Jack Henry & Associates stock traded down $2.97 during midday trading on Wednesday, reaching $172.36. The company had a trading volume of 1,265,547 shares, compared to its average volume of 466,332. The stock has a fifty day moving average price of $179.16 and a 200 day moving average price of $171.61. 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 firm has a market cap of $12.58 billion, a PE ratio of 31.57, a P/E/G ratio of 3.31 and a beta of 0.61. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. The company 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 firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 earnings per share. On average, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates's dividend payout ratio is currently 40.29%.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of the business's 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 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 legal filing with the SEC, which is available through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

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.