National Bank of Canada FI Has $6.57 Million Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

National Bank of Canada FI lifted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 86.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,225 shares of the technology company's stock after purchasing an additional 17,241 shares during the period. National Bank of Canada FI owned about 0.05% of Jack Henry & Associates worth $6,572,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in JKHY. State Street Corp increased its holdings in shares of Jack Henry & Associates by 1.7% in the third quarter. State Street Corp now owns 3,976,658 shares of the technology company's stock valued at $702,039,000 after buying an additional 67,716 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Jack Henry & Associates by 1.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company's stock valued at $657,158,000 after purchasing an additional 67,386 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Jack Henry & Associates by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company's stock valued at $175,342,000 after purchasing an additional 23,617 shares during the period. Handelsbanken Fonder AB increased its stake in Jack Henry & Associates by 8.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company's stock worth $152,495,000 after purchasing an additional 66,600 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in Jack Henry & Associates by 3.2% during the 3rd quarter. Raymond James & Associates now owns 631,974 shares of the technology company's stock worth $111,569,000 after buying an additional 19,846 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY traded up $1.70 during trading hours on Thursday, reaching $180.55. The stock had a trading volume of 662,223 shares, compared to its average volume of 469,872. 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 current ratio of 1.11 and a quick ratio of 1.11. The business's fifty day moving average is $178.99 and its two-hundred day moving average is $171.84. The company has a market cap of $13.17 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 3.26 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly 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. 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 analysts' expectations of $599.56 million. During the same quarter last year, the company earned $1.39 earnings per share. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts expect that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates's dividend payout ratio (DPR) is 40.29%.

Wall Street Analysts Forecast Growth

JKHY has been the subject of several recent analyst reports. UBS Group raised 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 assumed coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a "neutral" rating and a $186.00 price target on the stock. StockNews.com lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Oppenheimer started coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They issued an "outperform" rating and a $206.00 target price on the stock. Finally, Keefe, Bruyette & Woods raised 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 report on Thursday, November 7th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Jack Henry & Associates has a consensus rating of "Hold" and an average price target of $189.00.

Insiders Place Their Bets

In related news, insider David B. Foss sold 18,770 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.37% of the company's stock.

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.