Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 129.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,198 shares of the technology company’s stock after buying an additional 8,574 shares during the period. Pacer Advisors Inc.’s holdings in Jack Henry & Associates were worth $2,664,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. KBC Group NV lifted its stake in Jack Henry & Associates by 3.4% during the fourth quarter. KBC Group NV now owns 16,765 shares of the technology company’s stock worth $2,939,000 after purchasing an additional 554 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Jack Henry & Associates during the fourth quarter worth approximately $3,040,000. Blue Trust Inc. boosted its holdings in shares of Jack Henry & Associates by 57.7% in the 4th quarter. Blue Trust Inc. now owns 916 shares of the technology company’s stock valued at $162,000 after buying an additional 335 shares in the last quarter. Marshall Financial Group LLC grew its position in shares of Jack Henry & Associates by 3.4% in the 4th quarter. Marshall Financial Group LLC now owns 6,029 shares of the technology company’s stock valued at $1,057,000 after buying an additional 197 shares during the last quarter. Finally, Fenimore Asset Management Inc raised its stake in Jack Henry & Associates by 0.8% during the 4th quarter. Fenimore Asset Management Inc now owns 214,364 shares of the technology company’s stock worth $37,578,000 after acquiring an additional 1,717 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Down 0.1 %

JKHY stock opened at $174.09 on Friday. The stock has a market capitalization of $12.70 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 3.44 and a beta of 0.61. The company has a fifty day moving average of $174.78 and a 200-day moving average of $174.59. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating 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 firm had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same quarter last year, the firm earned $1.39 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. As a group, analysts expect that Jack Henry & Associates, Inc. will post 5.81 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.26%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates’s payout ratio is 40.29%.

Insider Buying and Selling at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the transaction, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Robert W. Baird boosted their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods raised 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. Finally, 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two 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 target price of $186.80.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.