Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Holdings Reduced by Court Place Advisors LLC

Court Place Advisors LLC cut its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,188 shares of the technology company’s stock after selling 2,882 shares during the period. Jack Henry & Associates makes up approximately 4.0% of Court Place Advisors LLC’s holdings, making the stock its 5th largest holding. Court Place Advisors LLC owned about 0.10% of Jack Henry & Associates worth $12,479,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC grew its position in shares of Jack Henry & Associates by 3.6% in the third quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock valued at $277,000 after purchasing an additional 54 shares during the last quarter. Bridges Investment Management Inc. grew its holdings in Jack Henry & Associates by 1.7% during the 3rd quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock valued at $575,000 after buying an additional 55 shares during the last quarter. D.A. Davidson & CO. increased its position in Jack Henry & Associates by 1.2% during the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock worth $877,000 after buying an additional 61 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Jack Henry & Associates by 0.6% in the third quarter. UMB Bank n.a. now owns 10,870 shares of the technology company’s stock worth $1,919,000 after acquiring an additional 66 shares during the last quarter. Finally, Townsquare Capital LLC lifted its position in shares of Jack Henry & Associates by 0.7% in the third quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company’s stock valued at $1,695,000 after acquiring an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Transactions at Jack Henry & Associates

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. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on JKHY shares. Stephens reissued an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective on the stock. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price for the company. 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 report on Thursday, October 17th. Finally, StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Jack Henry & Associates currently has an average rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $177.60 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a market cap of $12.96 billion, a PE ratio of 32.53, a P/E/G ratio of 3.27 and a beta of 0.61. The company’s fifty day simple moving average is $174.49 and its 200-day simple moving average is $174.39. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $189.63.

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

Jack Henry & Associates Announces Dividend

The company 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 1.24%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is 40.29%.

Jack Henry & Associates 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.