KBC Group NV Cuts Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

KBC Group NV reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 19.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,211 shares of the technology company's stock after selling 3,813 shares during the quarter. KBC Group NV's holdings in Jack Henry & Associates were worth $2,862,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of JKHY. Tortoise Investment Management LLC increased its stake in Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company's stock worth $27,000 after buying an additional 71 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in Jack Henry & Associates in the 1st quarter worth $30,000. Blue Trust Inc. grew its position 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 valued at $39,000 after purchasing an additional 134 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Jack Henry & Associates during the third quarter valued at about $48,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Jack Henry & Associates during the second quarter valued at about $63,000. 98.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Oppenheimer assumed coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $206.00 price target for the company. UBS Group lifted their price target on 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 reiterated an "equal weight" rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. StockNews.com upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Robert W. Baird lifted their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $188.73.

Jack Henry & Associates Trading Down 0.2 %

Shares of Jack Henry & Associates stock traded down $0.43 on Tuesday, hitting $171.63. 570,729 shares of the company traded hands, compared to its average volume of 455,216. The stock's 50 day moving average price is $179.46 and its 200-day moving average price is $171.12. 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, Inc. has a 52 week low of $151.59 and a 52 week high of $189.63. The company has a market cap of $12.52 billion, a PE ratio of 31.43, a PEG ratio of 3.26 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results 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. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The firm had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company's revenue was up 5.2% on a year-over-year basis. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

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

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.