Integrated Wealth Concepts LLC Sells 3,122 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Integrated Wealth Concepts LLC reduced its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 64.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,739 shares of the technology company's stock after selling 3,122 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Jack Henry & Associates were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of JKHY. Kayne Anderson Rudnick Investment Management LLC boosted its stake in 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 worth $657,158,000 after purchasing an additional 67,386 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Jack Henry & Associates by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company's stock valued at $175,342,000 after purchasing an additional 23,617 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Jack Henry & Associates by 8.4% during the third 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 period. Raymond James & Associates grew its holdings in shares of Jack Henry & Associates by 3.2% during the third quarter. Raymond James & Associates now owns 631,974 shares of the technology company's stock worth $111,569,000 after buying an additional 19,846 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Jack Henry & Associates by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 610,742 shares of the technology company's stock valued at $107,820,000 after buying an additional 2,324 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

Shares of JKHY stock traded down $0.75 during trading on Friday, reaching $179.80. 530,486 shares of the company's stock were exchanged, compared to its average volume of 471,165. The firm's fifty day moving average price is $178.93 and its 200-day moving average price is $171.90. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63. The stock has a market capitalization of $13.12 billion, a PE ratio of 32.93, a PEG ratio of 3.37 and a beta of 0.61. The company has a quick ratio of 1.11, a current 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, beating the consensus estimate 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 net margin of 17.79% and a return on equity of 21.81%. The company's revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 earnings per share. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates's dividend payout ratio is presently 40.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on JKHY shares. Keefe, Bruyette & Woods upped their price target on 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. StockNews.com cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. UBS Group boosted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Stephens restated an "equal weight" rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Finally, Compass Point started coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a "neutral" rating and a $186.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Jack Henry & Associates currently has a consensus rating of "Hold" and a consensus price target of $189.00.

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 completion of the sale, the insider now directly owns 138,665 shares of the company's stock, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.37% of the company's stock.

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.