Ontario Teachers Pension Plan Board Grows Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Ontario Teachers Pension Plan Board grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 20.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,593 shares of the technology company’s stock after acquiring an additional 779 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Jack Henry & Associates were worth $811,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in JKHY. PNC Financial Services Group Inc. raised its position in shares of Jack Henry & Associates by 4.4% during the third quarter. PNC Financial Services Group Inc. now owns 10,795 shares of the technology company’s stock valued at $1,906,000 after buying an additional 453 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at approximately $618,000. Pathstone Holdings LLC lifted its position in Jack Henry & Associates by 3.7% in the third quarter. Pathstone Holdings LLC now owns 18,996 shares of the technology company’s stock worth $3,354,000 after buying an additional 669 shares during the last quarter. Strengthening Families & Communities LLC boosted its stake in shares of Jack Henry & Associates by 11.1% during the 3rd quarter. Strengthening Families & Communities LLC now owns 10,117 shares of the technology company’s stock worth $1,786,000 after purchasing an additional 1,010 shares during the period. Finally, Quest Partners LLC boosted its holdings in Jack Henry & Associates by 13.0% during the 3rd quarter. Quest Partners LLC now owns 4,414 shares of the technology company’s stock valued at $779,000 after acquiring an additional 509 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 0.7 %

JKHY opened at $172.37 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 3.23 and a beta of 0.63. Jack Henry & Associates, Inc. has a one year low of $151.93 and a one year high of $189.63. The business’s fifty day moving average is $179.34 and its two-hundred day moving average is $171.17.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results 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 company had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. During the same period in the prior year, the firm earned $1.39 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s payout ratio is 40.29%.

Wall Street Analysts Forecast Growth

JKHY has been the subject of several research reports. Compass Point initiated coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target for the company. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Stephens reiterated an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted 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. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $188.73.

Insider Activity at Jack Henry & Associates

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 transaction of $3,215,676.40. Following the transaction, the insider now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.37% of the stock is owned by insiders.

Jack Henry & Associates 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.