Zurcher Kantonalbank Zurich Cantonalbank Has $4.83 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 44.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,368 shares of the technology company's stock after acquiring an additional 8,412 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Jack Henry & Associates were worth $4,832,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JKHY. Tortoise Investment Management LLC boosted its holdings in Jack Henry & Associates by 76.3% during the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company's stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Jack Henry & Associates by 148.9% during the second quarter. Blue Trust Inc. now owns 224 shares of the technology company's stock worth $39,000 after buying an additional 134 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Jack Henry & Associates in the third quarter valued at approximately $48,000. International Assets Investment Management LLC bought a new stake in Jack Henry & Associates during the 2nd quarter worth approximately $63,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Jack Henry & Associates during the 3rd quarter valued at $68,000. Institutional investors own 98.75% of the company's stock.

Insiders Place Their Bets

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the company'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 value of $3,215,676.40. Following the sale, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.37% of the company's stock.

Jack Henry & Associates Stock Down 0.2 %

Shares of NASDAQ JKHY traded down $0.33 during midday trading on Tuesday, reaching $175.33. The company's stock had a trading volume of 622,873 shares, compared to its average volume of 687,837. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The stock has a 50 day simple moving average of $179.09 and a 200-day simple moving average of $171.56. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 3.31 and a beta of 0.61. 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 results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. The firm had revenue of $600.98 million for the quarter, compared to analysts' expectations 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 for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.39 EPS. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.25%. Jack Henry & Associates's payout ratio is 40.29%.

Wall Street Analyst Weigh In

A number of analysts have commented on JKHY shares. Robert W. Baird lifted their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. UBS Group increased their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Compass Point initiated 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. Oppenheimer started coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They set an "outperform" rating and a $206.00 target price on the stock. Finally, StockNews.com downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $188.73.

About Jack Henry & Associates

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.