Vinva Investment Management Ltd Reduces Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Vinva Investment Management Ltd decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 24.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,655 shares of the technology company's stock after selling 4,302 shares during the quarter. Vinva Investment Management Ltd's holdings in Jack Henry & Associates were worth $2,403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in Jack Henry & Associates by 6,680.1% in the second quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company's stock worth $19,158,000 after purchasing an additional 113,696 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in Jack Henry & Associates by 3.0% in the second quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company's stock worth $35,318,000 after purchasing an additional 6,173 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Jack Henry & Associates in the third quarter worth approximately $618,000. Harbor Capital Advisors Inc. boosted its holdings in Jack Henry & Associates by 285.3% in the second quarter. Harbor Capital Advisors Inc. now owns 4,204 shares of the technology company's stock worth $698,000 after purchasing an additional 3,113 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings 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 worth $46,819,000 after purchasing an additional 184,210 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Insider Transactions at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the business's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the sale, the insider now directly owns 138,665 shares in the company, valued at $23,756,087.80. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.37% of the company's stock.

Jack Henry & Associates Price Performance

Shares of JKHY stock traded up $2.22 on Friday, hitting $176.18. 573,129 shares of the stock traded hands, compared to its average volume of 460,715. The firm has a market cap of $12.85 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 3.28 and a beta of 0.63. Jack Henry & Associates, Inc. has a 52 week low of $154.77 and a 52 week high of $189.63. The firm has a 50 day simple moving average of $179.07 and a two-hundred day simple moving average of $171.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11.

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, beating analysts' consensus estimates of $1.61 by $0.02. The company 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%. Jack Henry & Associates's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 EPS. As a group, equities research analysts predict that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders 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 yield of 1.25%. Jack Henry & Associates's dividend payout ratio is currently 40.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on JKHY shares. Keefe, Bruyette & Woods raised their target price on shares of 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 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. StockNews.com cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday. Robert W. Baird lifted their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Finally, William Blair cut shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates has an average rating of "Hold" and an average price target of $188.73.

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.