Vinva Investment Management Ltd Sells 4,302 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Vinva Investment Management Ltd reduced its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 24.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,655 shares of the technology company’s stock after selling 4,302 shares during the quarter. Vinva Investment Management Ltd’s holdings in Jack Henry & Associates were worth $2,403,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of JKHY. Principal Financial Group Inc. boosted its position in shares of Jack Henry & Associates by 188.4% in the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock valued at $46,819,000 after acquiring an additional 184,210 shares during the period. Mackenzie Financial Corp boosted its position in shares of Jack Henry & Associates by 51.4% in the second quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock valued at $83,665,000 after acquiring an additional 171,041 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of 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 valued at $19,158,000 after acquiring an additional 113,696 shares during the period. Tandem Investment Advisors Inc. lifted its position in Jack Henry & Associates by 20.4% during the second quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company’s stock valued at $83,496,000 after purchasing an additional 85,175 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Jack Henry & Associates by 207.3% during the second quarter. SG Americas Securities LLC now owns 122,075 shares of the technology company’s stock valued at $20,267,000 after purchasing an additional 82,351 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JKHY has been the subject of several research analyst reports. Royal Bank of Canada lifted their target price 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 lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Compass Point initiated coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 target price for the company. Finally, Robert W. Baird lifted their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $188.73.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction on 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 sale, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.37% of the stock is owned by insiders.

Jack Henry & Associates Stock Up 0.5 %

Shares of NASDAQ JKHY opened at $173.96 on Friday. 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, Inc. has a 52 week low of $153.23 and a 52 week high of $189.63. The firm’s fifty day moving average is $179.02 and its 200 day moving average is $171.39. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 3.28 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping the consensus estimate 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 company had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. During the same period in the previous year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

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