UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 21.1% during the third quarter, HoldingsChannel reports. The firm owned 447,047 shares of the technology company’s stock after selling 119,267 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Jack Henry & Associates were worth $78,922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. V Square Quantitative Management LLC raised its stake in Jack Henry & Associates by 3.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock worth $277,000 after acquiring an additional 54 shares during the last quarter. Bridges Investment Management Inc. lifted its holdings in shares of Jack Henry & Associates by 1.7% during the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock worth $575,000 after purchasing an additional 55 shares during the period. Raymond James Trust N.A. boosted its position in Jack Henry & Associates by 1.3% in the second quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock valued at $798,000 after buying an additional 60 shares during the last quarter. D.A. Davidson & CO. increased its holdings in Jack Henry & Associates by 1.2% in the 3rd 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 during the period. Finally, Advisor OS LLC raised its position in Jack Henry & Associates by 1.0% during the 2nd quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock worth $1,100,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

JKHY opened at $175.66 on Tuesday. The company has a market cap of $12.82 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 3.32 and a beta of 0.63. The firm’s fifty day simple moving average is $179.09 and its two-hundred day simple moving average is $171.56. 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 $157.00 and a 52-week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $599.56 million. During the same period in the previous year, the firm posted $1.39 EPS. Jack Henry & Associates’s revenue was up 5.2% compared to the same quarter last year. Equities 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 company also recently disclosed 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 yield of 1.25%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Analyst Ratings Changes

JKHY has been the topic of a number of research reports. UBS Group increased their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. 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 target on the stock. Keefe, Bruyette & Woods boosted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $188.73.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.37% of the stock is currently owned by insiders.

About Jack Henry & Associates

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.