Intech Investment Management LLC Sells 669 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Intech Investment Management LLC reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.3% in the 3rd quarter, Holdings Channel reports. The firm owned 14,867 shares of the technology company’s stock after selling 669 shares during the period. Intech Investment Management LLC’s holdings in Jack Henry & Associates were worth $2,625,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in JKHY. Ontario Teachers Pension Plan Board raised its position in shares of Jack Henry & Associates by 20.4% in the third quarter. Ontario Teachers Pension Plan Board now owns 4,593 shares of the technology company’s stock valued at $811,000 after purchasing an additional 779 shares during the period. PNC Financial Services Group Inc. grew its stake in Jack Henry & Associates by 4.4% in the 3rd 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 position in Jack Henry & Associates in the 3rd quarter worth $618,000. Pathstone Holdings LLC lifted its position in Jack Henry & Associates by 3.7% during the 3rd quarter. Pathstone Holdings LLC now owns 18,996 shares of the technology company’s stock worth $3,354,000 after acquiring an additional 669 shares during the last quarter. Finally, Strengthening Families & Communities LLC boosted its holdings in Jack Henry & Associates by 11.1% during the third quarter. Strengthening Families & Communities LLC now owns 10,117 shares of the technology company’s stock valued at $1,786,000 after acquiring an additional 1,010 shares during the period. Institutional investors own 98.75% of the company’s stock.

Insider Buying and Selling

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 document filed with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is currently owned by insiders.

Jack Henry & Associates Stock Performance

JKHY stock opened at $172.50 on Friday. The stock has a market capitalization of $12.59 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 3.25 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. The company has a 50 day moving average price of $179.20 and a 200 day moving average price of $171.23. Jack Henry & Associates, Inc. has a fifty-two week low of $151.93 and a fifty-two week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last released 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 company had revenue of $600.98 million during 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 previous year, the company posted $1.39 earnings per share. Analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on JKHY shares. UBS Group lifted 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. Robert W. Baird upped their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Compass Point began coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price objective for the company. William Blair downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $188.73.

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.