Nisa Investment Advisors LLC Reduces Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Nisa Investment Advisors LLC lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 28,062 shares of the technology company’s stock after selling 100 shares during the period. Nisa Investment Advisors LLC’s holdings in Jack Henry & Associates were worth $4,954,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of JKHY. Assenagon Asset Management S.A. lifted its position in shares of 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 valued at $19,158,000 after acquiring an additional 113,696 shares in the last quarter. Boston Trust Walden Corp boosted its stake in shares of Jack Henry & Associates by 3.0% during the 2nd 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. State Board of Administration of Florida Retirement System grew its holdings in shares of Jack Henry & Associates by 4.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 91,114 shares of the technology company’s stock worth $15,829,000 after buying an additional 4,252 shares in the last quarter. Epoch Investment Partners Inc. raised its position in shares of Jack Henry & Associates by 23.3% in the first quarter. Epoch Investment Partners Inc. now owns 359,330 shares of the technology company’s stock valued at $62,426,000 after buying an additional 67,816 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its position in shares of Jack Henry & Associates by 569.9% in the first quarter. UniSuper Management Pty Ltd now owns 6,049 shares of the technology company’s stock valued at $1,051,000 after buying an additional 5,146 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 0.5 %

Shares of NASDAQ:JKHY opened at $181.93 on Friday. The stock has a 50-day simple moving average of $177.51 and a 200-day simple moving average of $169.80. The stock has a market capitalization of $13.27 billion, a P/E ratio of 34.85, a PEG ratio of 3.36 and a beta of 0.64. Jack Henry & Associates, Inc. has a 1 year low of $138.95 and a 1 year high of $186.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. The company had revenue of $559.91 million during the quarter, compared to the consensus estimate of $563.37 million. During the same period in the previous year, the firm earned $1.34 earnings per share. Equities analysts forecast that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

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

Analyst Upgrades and Downgrades

JKHY has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $181.00 target price on shares of Jack Henry & Associates in a research note on Friday, September 6th. Robert W. Baird lifted their price objective 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. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods lifted their price target on Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. Finally, Compass Point started coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $187.11.

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.