Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Stifel Financial Corp

Stifel Financial Corp boosted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 530,270 shares of the technology company's stock after acquiring an additional 3,953 shares during the period. Stifel Financial Corp owned 0.73% of Jack Henry & Associates worth $93,618,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at $25,000. Tortoise Investment Management LLC raised its stake in Jack Henry & Associates by 76.3% in the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company's stock valued at $27,000 after buying an additional 71 shares during the last quarter. Blue Trust Inc. boosted its holdings in 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. Catalyst Capital Advisors LLC purchased a new stake in shares of Jack Henry & Associates during the third quarter worth about $48,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Jack Henry & Associates during the third quarter worth about $54,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JKHY. Royal Bank of Canada lifted their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a "sector perform" rating in a research note on Thursday, November 7th. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Robert W. Baird upped their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. William Blair downgraded Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Finally, Oppenheimer started coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $206.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates has a consensus rating of "Hold" and an average price target of $188.73.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock traded down $0.60 during mid-day trading on Friday, hitting $173.01. The company had a trading volume of 574,501 shares, compared to its average volume of 467,572. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 3.31 and a beta of 0.61. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The company's fifty day moving average is $179.09 and its 200-day moving average is $171.65. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. The firm had revenue of $600.98 million for 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 quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 earnings per share. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm 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 dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.27%. Jack Henry & Associates's dividend payout ratio is currently 40.29%.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the company's 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 completion of the transaction, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.37% of the stock is owned by corporate insiders.

About Jack Henry & Associates

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.