Swedbank AB Sells 143 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Swedbank AB cut its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,589 shares of the technology company’s stock after selling 143 shares during the period. Swedbank AB’s holdings in Jack Henry & Associates were worth $5,577,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of JKHY. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Jack Henry & Associates by 1.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company’s stock valued at $657,158,000 after buying an additional 67,386 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Jack Henry & Associates by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company’s stock worth $175,342,000 after purchasing an additional 23,617 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Jack Henry & Associates by 8.4% during the third quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company’s stock worth $152,495,000 after purchasing an additional 66,600 shares during the period. Raymond James & Associates increased its holdings in Jack Henry & Associates by 3.2% in the third quarter. Raymond James & Associates now owns 631,974 shares of the technology company’s stock valued at $111,569,000 after purchasing an additional 19,846 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Jack Henry & Associates by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 610,742 shares of the technology company’s stock valued at $107,820,000 after buying an additional 2,324 shares during the period. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on JKHY. Royal Bank of Canada upped their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods upped their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Oppenheimer began coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective on the stock. Finally, UBS Group increased their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $188.73.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.37% of the company’s stock.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $173.96 on Thursday. Jack Henry & Associates, Inc. has a 12-month low of $153.23 and a 12-month high of $189.63. The firm’s 50 day moving average is $179.05 and its 200-day moving average is $171.38. The company has a market capitalization of $12.69 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 3.25 and a beta of 0.63. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

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

Jack Henry & Associates Dividend Announcement

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

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.