Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Holdings Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 32.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,881 shares of the technology company's stock after selling 5,830 shares during the period. Los Angeles Capital Management LLC's holdings in Jack Henry & Associates were worth $2,097,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in JKHY. Strategic Financial Concepts LLC acquired a new position in shares of Jack Henry & Associates in the 2nd quarter valued at $25,000. Tortoise Investment Management LLC increased its stake 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 worth $27,000 after acquiring an additional 71 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in Jack Henry & Associates during the first quarter valued at approximately $30,000. Blue Trust Inc. increased its position in shares of Jack Henry & Associates by 148.9% in the second quarter. Blue Trust Inc. now owns 224 shares of the technology company's stock worth $39,000 after acquiring an additional 134 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Jack Henry & Associates during the 3rd quarter worth $48,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on JKHY shares. Robert W. Baird boosted their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. StockNews.com downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Stephens restated an "equal weight" rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods lifted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a research note on Thursday, November 7th. Finally, UBS Group boosted their price objective 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. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $188.73.

Jack Henry & Associates Stock Down 1.4 %

NASDAQ JKHY traded down $2.50 on Thursday, hitting $172.45. 568,906 shares of the stock traded hands, compared to its average volume of 448,890. The company has a market capitalization of $12.58 billion, a P/E ratio of 31.62, a price-to-earnings-growth ratio of 3.34 and a beta of 0.63. The stock has a 50-day moving average of $179.40 and a 200 day moving average of $170.87. The company has a current ratio of 1.11, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a twelve month low of $151.05 and a twelve month high of $189.63.

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

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a $0.55 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.28%. Jack Henry & Associates's dividend payout ratio is currently 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.