UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $78.92 Million Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 21.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 447,047 shares of the technology company's stock after selling 119,267 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.61% of Jack Henry & Associates worth $78,922,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tortoise Investment Management LLC grew its position in Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company's stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. raised its stake in Jack Henry & Associates by 148.9% during the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company's stock valued at $39,000 after acquiring an additional 134 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Jack Henry & Associates during the 3rd quarter worth $48,000. International Assets Investment Management LLC bought a new position in shares of Jack Henry & Associates in the second quarter worth $63,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Jack Henry & Associates during the third quarter valued at $68,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JKHY. Royal Bank of Canada increased their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a research report on Thursday, November 7th. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods upped their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a research report on Thursday, November 7th. Stephens reiterated an "equal weight" rating and set a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Finally, William Blair lowered Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 6th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of "Hold" and a consensus target price of $188.73.

Insider Transactions at Jack Henry & Associates

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 stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the transaction, the insider now owns 138,665 shares in the company, valued at $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 SEC, which is available through the SEC website. 1.37% of the stock is owned by insiders.

Jack Henry & Associates Trading Down 0.2 %

Shares of NASDAQ:JKHY traded down $0.33 during mid-day trading on Tuesday, hitting $175.33. The stock had a trading volume of 622,873 shares, compared to its average volume of 462,901. The company's 50 day moving average is $179.09 and its 200-day moving average is $171.56. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $12.79 billion, a PE ratio of 32.11, a P/E/G ratio of 3.31 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released 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 return on equity of 21.81% and a net margin of 17.79%. The company 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 company earned $1.39 earnings per share. The company's revenue for the quarter was up 5.2% on a year-over-year basis. On average, sell-side 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 announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a $0.55 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.25%. Jack Henry & Associates's dividend payout ratio is 40.29%.

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.