IFM Investors Pty Ltd Sells 1,056 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

IFM Investors Pty Ltd lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,500 shares of the technology company’s stock after selling 1,056 shares during the period. IFM Investors Pty Ltd’s holdings in Jack Henry & Associates were worth $2,207,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Taylor Frigon Capital Management LLC raised its stake in Jack Henry & Associates by 2.6% in the third quarter. Taylor Frigon Capital Management LLC now owns 7,826 shares of the technology company’s stock valued at $1,382,000 after buying an additional 197 shares during the period. International Assets Investment Management LLC raised its stake in Jack Henry & Associates by 17,507.4% in the third quarter. International Assets Investment Management LLC now owns 66,732 shares of the technology company’s stock valued at $117,810,000 after buying an additional 66,353 shares during the period. Private Advisor Group LLC raised its stake in Jack Henry & Associates by 5.6% in the third quarter. Private Advisor Group LLC now owns 4,912 shares of the technology company’s stock valued at $867,000 after buying an additional 259 shares during the period. Tempus Wealth Planning LLC bought a new stake in Jack Henry & Associates in the third quarter valued at approximately $252,000. Finally, Signaturefd LLC raised its stake in Jack Henry & Associates by 13.0% in the third quarter. Signaturefd LLC now owns 1,090 shares of the technology company’s stock valued at $192,000 after buying an additional 125 shares during the period. Institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on JKHY shares. Compass Point started coverage on Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price objective on the stock. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods upped their target price on Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research report on Thursday, August 22nd. Oppenheimer initiated coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price on the stock. Finally, 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. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $187.11.

Jack Henry & Associates Trading Down 1.2 %

Shares of NASDAQ:JKHY opened at $182.44 on Monday. The company has a market capitalization of $13.30 billion, a P/E ratio of 34.95, a P/E/G ratio of 3.36 and a beta of 0.64. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $186.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50 day simple moving average is $176.43 and its 200 day simple moving average is $169.52.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.08. The firm had revenue of $559.91 million for the quarter, compared to the consensus estimate of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same quarter last year, the business posted $1.34 EPS. On average, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.82 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is presently 42.15%.

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.