Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stake Increased by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 50.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 780,319 shares of the technology company's stock after acquiring an additional 263,021 shares during the period. Nordea Investment Management AB owned about 1.07% of Jack Henry & Associates worth $136,720,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. V Square Quantitative Management LLC increased its holdings in Jack Henry & Associates by 3.6% in the third quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company's stock valued at $277,000 after buying an additional 54 shares during the last quarter. Bridges Investment Management Inc. increased its holdings in shares of Jack Henry & Associates by 1.7% in the 3rd quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company's stock valued at $575,000 after acquiring an additional 55 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of Jack Henry & Associates by 1.2% in the 3rd quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company's stock valued at $877,000 after acquiring an additional 61 shares during the last quarter. UMB Bank n.a. raised its position in shares of Jack Henry & Associates by 0.6% during the 3rd quarter. UMB Bank n.a. now owns 10,870 shares of the technology company's stock valued at $1,919,000 after acquiring an additional 66 shares in the last quarter. Finally, Townsquare Capital LLC lifted its stake in Jack Henry & Associates by 0.7% during the third quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company's stock worth $1,695,000 after purchasing an additional 67 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY traded up $1.71 on Tuesday, hitting $171.34. The company's stock had a trading volume of 545,964 shares, compared to its average volume of 464,466. The company has a market capitalization of $12.50 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The stock's 50-day moving average is $176.34 and its two-hundred day moving average is $173.56.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $599.56 million. During the same quarter in the prior year, the firm posted $1.39 EPS. Jack Henry & Associates's revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 annualized dividend and a yield of 1.28%. Jack Henry & Associates's payout ratio is 40.29%.

Insiders Place Their Bets

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the business'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 sale, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on JKHY shares. Robert W. Baird increased their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Royal Bank of Canada upped their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a report on Thursday, November 7th. UBS Group increased 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. Finally, Oppenheimer started coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an "outperform" rating and a $206.00 price objective 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, the company presently has an average rating of "Hold" and a consensus price target of $189.00.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.