Barclays PLC Has $31.52 Million Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Barclays PLC trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,577 shares of the technology company’s stock after selling 16,460 shares during the quarter. Barclays PLC’s holdings in Jack Henry & Associates were worth $31,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in JKHY. Strategic Financial Concepts LLC acquired a new stake in Jack Henry & Associates in the second quarter valued at approximately $25,000. Tortoise Investment Management LLC raised its holdings in shares of Jack Henry & Associates by 76.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Jack Henry & Associates by 148.9% in the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after purchasing an additional 134 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Jack Henry & Associates in the third quarter worth about $48,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Jack Henry & Associates in the third quarter worth about $54,000. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JKHY. Oppenheimer initiated coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price objective on the stock. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Robert W. Baird raised their price target 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. Compass Point started coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective for the company. Finally, William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $189.00.

Jack Henry & Associates Trading Down 0.4 %

JKHY stock opened at $179.80 on Friday. The business has a fifty day moving average price of $178.93 and a 200 day moving average price of $171.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The stock has a market capitalization of $13.12 billion, a price-to-earnings ratio of 32.93, a P/E/G ratio of 3.37 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $1.39 earnings per share. Analysts expect that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently announced 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 is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.22%. Jack Henry & Associates’s payout ratio is 40.29%.

Insider Activity

In related 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 value of $3,215,676.40. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is owned by insiders.

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.