7,500 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Acquired by Pensionfund Sabic

Pensionfund Sabic acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 7,500 shares of the technology company's stock, valued at approximately $1,315,000.

Other institutional investors have also made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new position in shares of Jack Henry & Associates during the 2nd quarter worth approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in Jack Henry & Associates during the third quarter worth $26,000. Catalyst Capital Advisors LLC acquired a new position in Jack Henry & Associates during the third quarter worth approximately $48,000. Point72 Asset Management L.P. bought a new stake in Jack Henry & Associates in the third quarter valued at approximately $54,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Jack Henry & Associates in the third quarter valued at approximately $68,000. Institutional investors own 98.75% of the company's stock.

Analyst Ratings Changes

JKHY has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a report on Thursday, November 7th. Oppenheimer started coverage on shares of 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 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, StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Jack Henry & Associates presently has a consensus rating of "Hold" and a consensus price target of $189.00.

Jack Henry & Associates Price Performance

Shares of JKHY stock traded up $1.71 on Tuesday, reaching $171.34. The company had a trading volume of 545,964 shares, compared to its average volume of 464,466. The business's 50-day moving average is $176.34 and its 200 day moving average is $173.56. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $12.50 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The business 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.39 EPS. Equities research analysts forecast 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 was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates's payout ratio is 40.29%.

Insider Transactions at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.37% of the company's stock.

Jack Henry & Associates Profile

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.