Geode Capital Management LLC Increases Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Geode Capital Management LLC grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,965,797 shares of the technology company’s stock after acquiring an additional 996 shares during the period. Geode Capital Management LLC owned about 2.69% of Jack Henry & Associates worth $347,072,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in JKHY. Strategic Financial Concepts LLC acquired a new stake in Jack Henry & Associates in the 2nd quarter valued at approximately $25,000. Tortoise Investment Management LLC boosted its position in shares of Jack Henry & Associates by 76.3% during the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after buying an additional 71 shares during the period. Blue Trust Inc. grew its stake in shares of 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 buying an additional 134 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at $48,000. Finally, Point72 Asset Management L.P. acquired a new position in Jack Henry & Associates during the 3rd quarter worth about $54,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Down 0.4 %

Shares of NASDAQ:JKHY opened at $179.80 on Friday. The firm has a 50 day simple moving average of $178.93 and a 200-day simple moving average of $171.90. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $13.12 billion, a PE ratio of 32.93, a P/E/G ratio of 3.37 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly 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 firm had revenue of $600.98 million during the quarter, compared to analysts’ expectations of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. Jack Henry & Associates’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 earnings per share. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.22%. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

Insiders Place Their Bets

In other Jack Henry & Associates 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 value of $3,215,676.40. Following the transaction, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on JKHY shares. 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 target price for the company. Robert W. Baird lifted their price objective 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. Stephens reiterated an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Royal Bank of Canada boosted their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Finally, UBS Group increased their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $189.00.

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.