Barclays PLC Sells 16,460 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Barclays PLC cut its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 8.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,577 shares of the technology company's stock after selling 16,460 shares during the quarter. Barclays PLC owned 0.24% of Jack Henry & Associates worth $31,523,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Jack Henry & Associates by 188.4% in the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company's stock worth $46,819,000 after buying an additional 184,210 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Jack Henry & Associates by 51.4% during the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company's stock valued at $83,665,000 after acquiring an additional 171,041 shares during the period. Benjamin Edwards Inc. increased its stake in shares of Jack Henry & Associates by 2,032.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company's stock worth $22,540,000 after purchasing an additional 121,667 shares in the last quarter. 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 valued at $19,158,000 after purchasing an additional 113,696 shares in the last quarter. Finally, Tandem Investment Advisors Inc. grew its holdings in Jack Henry & Associates by 20.4% during the second quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company's stock valued at $83,496,000 after purchasing an additional 85,175 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY traded down $0.75 during mid-day trading on Friday, hitting $179.80. 530,486 shares of the company's stock traded hands, compared to its average volume of 471,165. The company has a market capitalization of $13.12 billion, a P/E ratio of 32.93, a PEG ratio of 3.37 and a beta of 0.61. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. 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 company's 50-day moving average is $178.88 and its two-hundred day moving average is $172.04.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results 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 firm had revenue of $600.98 million during the quarter, compared to analysts' expectations of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 EPS. On average, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 1.22%. Jack Henry & Associates's payout ratio is 40.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JKHY. UBS Group raised their price objective 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. Robert W. Baird upped their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Compass Point initiated coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They set a "neutral" rating and a $186.00 price objective on the stock. William Blair lowered Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Finally, Stephens restated an "equal weight" rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates has a consensus rating of "Hold" and an average target price of $189.00.

Insider Buying and Selling

In other news, insider David B. Foss sold 18,770 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the transaction, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.37% of the stock is currently owned by corporate insiders.

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.