Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Holdings Lessened by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 43.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 374 shares of the technology company’s stock after selling 283 shares during the quarter. Advisors Asset Management Inc.’s holdings in Jack Henry & Associates were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of JKHY. PNC Financial Services Group Inc. boosted its stake in Jack Henry & Associates by 4.4% in the third quarter. PNC Financial Services Group Inc. now owns 10,795 shares of the technology company’s stock valued at $1,906,000 after acquiring an additional 453 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Jack Henry & Associates in the 3rd quarter worth approximately $618,000. Pathstone Holdings LLC lifted its holdings in shares of Jack Henry & Associates by 3.7% in the 3rd quarter. Pathstone Holdings LLC now owns 18,996 shares of the technology company’s stock worth $3,354,000 after purchasing an additional 669 shares during the last quarter. Strengthening Families & Communities LLC boosted its position in Jack Henry & Associates by 11.1% during the 3rd quarter. Strengthening Families & Communities LLC now owns 10,117 shares of the technology company’s stock valued at $1,786,000 after purchasing an additional 1,010 shares during the period. Finally, Quest Partners LLC grew its stake in Jack Henry & Associates by 13.0% during the 3rd quarter. Quest Partners LLC now owns 4,414 shares of the technology company’s stock worth $779,000 after buying an additional 509 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 1.3 %

JKHY opened at $176.18 on Friday. 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 capitalization of $12.85 billion, a PE ratio of 32.27, a P/E/G ratio of 3.28 and a beta of 0.63. The stock’s fifty day moving average is $179.07 and its 200-day moving average is $171.49. Jack Henry & Associates, Inc. has a one year low of $154.77 and a one year high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued 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. 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 for the quarter, compared to analysts’ expectations of $599.56 million. During the same period in the previous year, the business earned $1.39 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts predict 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. Investors of record on Monday, December 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s payout ratio is 40.29%.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of recent research reports. Oppenheimer began coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price on the stock. William Blair downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods upped 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 research report on Thursday, November 7th. Stephens restated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Finally, StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $188.73.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the sale, the insider now directly owns 138,665 shares of the company’s stock, valued at $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. 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 company insiders.

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.