Quantbot Technologies LP Has $3.95 Million Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Quantbot Technologies LP increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 23.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,389 shares of the technology company's stock after buying an additional 4,319 shares during the quarter. Quantbot Technologies LP's holdings in Jack Henry & Associates were worth $3,953,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of JKHY. Principal Financial Group Inc. lifted its holdings in Jack Henry & Associates by 188.4% during the 2nd quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company's stock worth $46,819,000 after buying an additional 184,210 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Jack Henry & Associates by 51.4% during the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company's stock worth $83,665,000 after buying an additional 171,041 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Jack Henry & Associates by 6,680.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company's stock worth $19,158,000 after buying an additional 113,696 shares during the last quarter. Tandem Investment Advisors Inc. lifted its holdings in Jack Henry & Associates by 20.4% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company's stock worth $83,496,000 after buying an additional 85,175 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Jack Henry & Associates by 207.3% during the 2nd quarter. SG Americas Securities LLC now owns 122,075 shares of the technology company's stock worth $20,267,000 after buying an additional 82,351 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of research analyst reports. Compass Point initiated coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a "neutral" rating and a $186.00 target price on the stock. StockNews.com downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday. Keefe, Bruyette & Woods raised their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a report on Thursday, November 7th. UBS Group raised their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, Stephens reissued an "equal weight" rating and issued a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Eleven equities research analysts have rated the stock with a hold rating and three 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 target price of $188.73.

Jack Henry & Associates Stock Performance

JKHY traded up $1.05 during trading hours on Wednesday, hitting $174.15. The company's stock had a trading volume of 77,666 shares, compared to its average volume of 457,374. Jack Henry & Associates, Inc. has a fifty-two week low of $153.23 and a fifty-two week high of $189.63. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $12.71 billion, a PE ratio of 31.70, a PEG ratio of 3.25 and a beta of 0.63. The company has a 50-day simple moving average of $179.06 and a 200 day simple moving average of $171.36.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company had revenue of $600.98 million for the quarter, compared to analysts' expectations of $599.56 million. During the same period last year, the firm earned $1.39 EPS. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates's dividend payout ratio (DPR) is presently 40.29%.

Insider Transactions at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the sale, the insider now owns 138,665 shares of the company's stock, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.37% of the company's stock.

Jack Henry & Associates 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.