Blueshift Asset Management LLC Takes $319,000 Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Blueshift Asset Management LLC purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,808 shares of the technology company’s stock, valued at approximately $319,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its holdings in 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 worth $19,158,000 after buying an additional 113,696 shares during the last quarter. Boston Trust Walden Corp raised its holdings in Jack Henry & Associates by 3.0% in the 2nd quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company’s stock worth $35,318,000 after acquiring an additional 6,173 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Jack Henry & Associates in the 3rd quarter valued at approximately $618,000. Harbor Capital Advisors Inc. boosted its stake in Jack Henry & Associates by 285.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,204 shares of the technology company’s stock valued at $698,000 after purchasing an additional 3,113 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Jack Henry & Associates by 188.4% in the 2nd quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock worth $46,819,000 after purchasing an additional 184,210 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $173.96 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 stock has a 50-day simple moving average of $179.02 and a two-hundred day simple moving average of $171.39. The firm has a market capitalization of $12.69 billion, a PE ratio of 31.86, a P/E/G ratio of 3.25 and a beta of 0.63. Jack Henry & Associates, Inc. has a 52-week low of $153.23 and a 52-week 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same period in the previous year, the company posted $1.39 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. Analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

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

Insider Activity at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the firm’s 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 $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

JKHY has been the topic of a number of research analyst reports. William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird lifted their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their price objective 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. Finally, UBS Group lifted their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $188.73.

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.