Quantinno Capital Management LP Buys 1,316 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Quantinno Capital Management LP lifted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 25,013 shares of the technology company’s stock after buying an additional 1,316 shares during the period. Quantinno Capital Management LP’s holdings in Jack Henry & Associates were worth $4,416,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of JKHY. Tortoise Investment Management LLC boosted its position in 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 acquiring an additional 71 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Jack Henry & Associates by 148.9% during the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after purchasing an additional 134 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Jack Henry & Associates during the third quarter valued at approximately $48,000. Point72 Asset Management L.P. purchased a new stake in Jack Henry & Associates in the third quarter worth $54,000. Finally, International Assets Investment Management LLC bought a new position in Jack Henry & Associates in the second quarter worth $63,000. 98.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction 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 transaction, the insider now directly 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 filing with the SEC, which is available at this link. 1.37% of the stock is currently owned by insiders.

Jack Henry & Associates Stock Down 0.3 %

Jack Henry & Associates stock opened at $173.01 on Friday. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 31.69, a PEG ratio of 3.25 and a beta of 0.61. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The stock has a fifty day simple moving average of $179.09 and a two-hundred day simple moving average of $171.67.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The business 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%. Jack Henry & Associates’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 EPS. Equities analysts predict 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. Investors of record on Monday, December 2nd will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Analyst Upgrades and Downgrades

JKHY has been the topic of a number of research reports. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Stephens reaffirmed an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. 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 report on Thursday, October 17th. Finally, UBS Group upped their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. 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, Jack Henry & Associates has a consensus rating of “Hold” and a consensus price target of $189.00.

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.