Blueshift Asset Management LLC Invests $319,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Blueshift Asset Management LLC acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,808 shares of the technology company’s stock, valued at approximately $319,000.

Several other large investors also recently added to or reduced their stakes in JKHY. Strategic Financial Concepts LLC bought a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at about $25,000. Tortoise Investment Management LLC lifted its position in Jack Henry & Associates by 76.3% during the second 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 during the last quarter. Blue Trust Inc. grew its stake in Jack Henry & Associates by 148.9% in the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after buying an additional 134 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Jack Henry & Associates in the 3rd quarter worth $48,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at $63,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 0.5 %

Shares of NASDAQ:JKHY opened at $173.96 on Friday. Jack Henry & Associates, Inc. has a 1 year low of $153.23 and a 1 year high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. The stock’s 50-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 PE ratio of 31.86, a P/E/G ratio of 3.25 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business 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 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a $0.55 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.20 annualized dividend and a yield of 1.26%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

Wall Street Analysts Forecast Growth

JKHY has been the subject of several research reports. Keefe, Bruyette & Woods upped their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Oppenheimer assumed coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective on the stock. Robert W. Baird upped their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. UBS Group lifted their price target 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. Finally, Compass Point initiated coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $188.73.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction that occurred on 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.37% of the company’s stock.

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.