Toronto Dominion Bank Decreases Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Toronto Dominion Bank lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 31.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,530 shares of the technology company's stock after selling 11,111 shares during the quarter. Toronto Dominion Bank's holdings in Jack Henry & Associates were worth $4,331,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Jack Henry & Associates during the third quarter worth about $618,000. Principal Financial Group Inc. raised its stake in Jack Henry & Associates by 188.4% in the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company's stock valued at $46,819,000 after purchasing an additional 184,210 shares in the last quarter. XTX Topco Ltd grew its stake in Jack Henry & Associates by 137.3% in the 3rd quarter. XTX Topco Ltd now owns 7,761 shares of the technology company's stock worth $1,370,000 after buying an additional 4,491 shares in the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new position in Jack Henry & Associates in the second quarter worth $1,245,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Jack Henry & Associates by 60.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,962 shares of the technology company's stock valued at $2,318,000 after purchasing an additional 5,274 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Down 0.4 %

Jack Henry & Associates stock traded down $0.75 during mid-day trading on Friday, hitting $179.80. The company's stock had a trading volume of 530,486 shares, compared to its average volume of 471,165. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year 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 $13.12 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. The stock's fifty day moving average is $178.88 and its two-hundred day moving average is $172.12.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share 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 analysts' expectations of $599.56 million. During the same quarter in the previous year, the business posted $1.39 earnings per share. The business's quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts anticipate 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. Investors of record on Monday, December 2nd will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates's dividend payout ratio (DPR) is 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 firm'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 transaction, the insider now directly owns 138,665 shares of the company's stock, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

JKHY has been the topic of several research reports. UBS Group lifted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Stephens reissued an "equal weight" rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. William Blair cut shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Royal Bank of Canada increased their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a "sector perform" rating in a report on Thursday, November 7th. Finally, Oppenheimer started coverage on shares of Jack Henry & Associates in a report 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 two have given a buy rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates currently has an average rating of "Hold" and a consensus target price of $189.00.

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.