Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 32.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,881 shares of the technology company’s stock after selling 5,830 shares during the period. Los Angeles Capital Management LLC’s holdings in Jack Henry & Associates were worth $2,097,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Empowered Funds LLC purchased a new stake in Jack Henry & Associates in the first quarter valued at approximately $838,000. Russell Investments Group Ltd. boosted its holdings in shares of Jack Henry & Associates by 0.8% in the 1st quarter. Russell Investments Group Ltd. now owns 46,872 shares of the technology company’s stock valued at $8,138,000 after purchasing an additional 391 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of Jack Henry & Associates by 7.3% during the 1st quarter. Bleakley Financial Group LLC now owns 5,775 shares of the technology company’s stock valued at $1,003,000 after buying an additional 395 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Jack Henry & Associates by 8.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,174 shares of the technology company’s stock worth $1,073,000 after buying an additional 476 shares during the last quarter. Finally, Koshinski Asset Management Inc. purchased a new position in shares of Jack Henry & Associates in the 1st quarter worth $206,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JKHY. Royal Bank of Canada upped their price target on 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. Stephens reissued an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. UBS Group lifted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods increased their price objective on shares of 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. Finally, StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $188.73.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $174.95 on Thursday. Jack Henry & Associates, Inc. has a 12-month low of $151.05 and a 12-month high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.00. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 3.34 and a beta of 0.63. The firm’s fifty day moving average price is $179.40 and its 200 day moving average price is $170.87.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. The business had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 earnings per share. On average, research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal 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 paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.26%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 40.29%.

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.