Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Holdings Reduced by MetLife Investment Management LLC

MetLife Investment Management LLC lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,947 shares of the technology company’s stock after selling 489 shares during the quarter. MetLife Investment Management LLC’s holdings in Jack Henry & Associates were worth $3,345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JKHY. Strategic Financial Concepts LLC purchased a new position in Jack Henry & Associates in the second quarter valued at about $25,000. Tortoise Investment Management LLC grew its stake in Jack Henry & Associates by 76.3% in 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 in the last quarter. Blue Trust Inc. grew its stake in Jack Henry & Associates by 148.9% in 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 purchased a new position in Jack Henry & Associates in the third quarter valued at about $48,000. Finally, International Assets Investment Management LLC purchased a new position in Jack Henry & Associates in the second quarter valued at about $63,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Buying and Selling at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the 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 directly owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

Jack Henry & Associates Trading Down 0.2 %

Jack Henry & Associates stock opened at $175.33 on Wednesday. The business has a 50 day moving average price of $179.12 and a two-hundred day moving average price of $171.61. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 3.31 and a beta of 0.61. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The firm had revenue of $600.98 million during the quarter, compared to analysts’ expectations of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 EPS. As a group, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently declared 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 1.25%. Jack Henry & Associates’s dividend payout ratio (DPR) is 40.29%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on JKHY shares. Keefe, Bruyette & Woods boosted their price target on 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. Compass Point started coverage on 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. Stephens reaffirmed 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. Royal Bank of Canada boosted their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Finally, UBS Group boosted their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Eleven equities research 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.com, the stock has a consensus rating of “Hold” and an average target price of $188.73.

Jack Henry & Associates Company 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.