Wellington Management Group LLP Has $435,000 Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Wellington Management Group LLP boosted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 13.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,463 shares of the technology company’s stock after buying an additional 288 shares during the period. Wellington Management Group LLP’s holdings in Jack Henry & Associates were worth $435,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of JKHY. Strategic Financial Concepts LLC bought a new position in shares of Jack Henry & Associates during the second quarter worth approximately $25,000. Tortoise Investment Management LLC grew its holdings in Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. increased its position in Jack Henry & Associates by 148.9% during the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after buying an additional 134 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Jack Henry & Associates during the third quarter worth $48,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Jack Henry & Associates in the third quarter valued at about $54,000. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Stock Up 0.4 %

Shares of NASDAQ JKHY opened at $176.74 on Friday. The company has a market cap of $12.89 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 3.37 and a beta of 0.61. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The stock has a 50-day moving average price of $178.41 and a two-hundred day moving average price of $172.48.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $600.98 million during the quarter, compared to analysts’ expectations of $599.56 million. During the same period in the prior year, the company earned $1.39 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, analysts forecast that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given a dividend of $0.55 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.24%. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction dated 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 sale, the insider now directly owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on JKHY. 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. Stephens reiterated 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. Robert W. Baird raised their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Compass Point initiated coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 target price for the company. Finally, Oppenheimer assumed coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and an average target price of $189.00.

About Jack Henry & Associates

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.