State Street Corp Acquires 67,716 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

State Street Corp grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,976,658 shares of the technology company's stock after acquiring an additional 67,716 shares during the quarter. State Street Corp owned 5.45% of Jack Henry & Associates worth $702,039,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JKHY. Assenagon Asset Management S.A. lifted its position in Jack Henry & Associates by 6,680.1% during the second quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company's stock worth $19,158,000 after purchasing an additional 113,696 shares during the period. Boston Trust Walden Corp lifted its position in Jack Henry & Associates by 3.0% during the second quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company's stock worth $35,318,000 after purchasing an additional 6,173 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Jack Henry & Associates during the third quarter worth about $618,000. Principal Financial Group Inc. lifted its position in Jack Henry & Associates by 188.4% during the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company's stock worth $46,819,000 after purchasing an additional 184,210 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd bought a new stake in Jack Henry & Associates during the second quarter worth about $1,245,000. Institutional investors own 98.75% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JKHY. William Blair cut shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Stephens reissued an "equal weight" rating and set a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. StockNews.com downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. UBS Group boosted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, Oppenheimer began coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They set an "outperform" rating and a $206.00 target price for the company. Eleven investment 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.com, Jack Henry & Associates currently has a consensus rating of "Hold" and a consensus target price of $189.00.

Insider Activity at Jack Henry & Associates

In related 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 directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.37% of the stock is currently owned by company insiders.

Jack Henry & Associates Trading Up 1.0 %

Shares of Jack Henry & Associates stock traded up $1.79 on Monday, hitting $174.80. The stock had a trading volume of 530,104 shares, compared to its average volume of 467,836. The stock has a 50 day moving average of $179.09 and a 200 day moving average of $171.68. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $12.75 billion, a P/E ratio of 31.69, a PEG ratio of 3.26 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) 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 quarter in the prior year, the firm posted $1.39 earnings per share. The firm's revenue was up 5.2% compared to the same quarter last year. Sell-side 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 business 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 $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates's payout ratio is presently 40.29%.

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.