Jack Henry & Associates, Inc. (NASDAQ:JKHY) Holdings Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 44.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,368 shares of the technology company’s stock after buying an additional 8,412 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Jack Henry & Associates were worth $4,832,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of JKHY. Cetera Investment Advisers increased its stake in shares of Jack Henry & Associates by 318.0% during the first quarter. Cetera Investment Advisers now owns 15,843 shares of the technology company’s stock valued at $2,752,000 after acquiring an additional 12,053 shares during the period. Cetera Advisors LLC raised its stake in shares of Jack Henry & Associates by 64.2% in the 1st quarter. Cetera Advisors LLC now owns 3,113 shares of the technology company’s stock worth $541,000 after buying an additional 1,217 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Jack Henry & Associates by 5.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 10,116 shares of the technology company’s stock valued at $1,733,000 after buying an additional 562 shares during the period. GAMMA Investing LLC boosted its stake in Jack Henry & Associates by 81.8% during the second quarter. GAMMA Investing LLC now owns 1,527 shares of the technology company’s stock valued at $254,000 after buying an additional 687 shares in the last quarter. Finally, DNB Asset Management AS grew its holdings in Jack Henry & Associates by 12.5% during the second quarter. DNB Asset Management AS now owns 11,754 shares of the technology company’s stock worth $1,951,000 after acquiring an additional 1,305 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 0.3 %

NASDAQ:JKHY opened at $175.66 on Tuesday. The business’s fifty day moving average price is $179.09 and its 200 day moving average price is $171.56. The firm has a market capitalization 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 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 1-year low of $157.00 and a 1-year high of $189.63.

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, beating analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 EPS. On average, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.8 earnings per share 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. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 40.29%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Oppenheimer initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target for the company. UBS Group raised their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Stephens restated an “equal weight” rating and issued a $170.00 price target 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, Compass Point started coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and an average price target of $188.73.

Insider Buying and Selling at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the firm’s 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. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.