BNP Paribas Financial Markets Has $38.84 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

BNP Paribas Financial Markets lifted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 49.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,985 shares of the technology company’s stock after acquiring an additional 72,760 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.30% of Jack Henry & Associates worth $38,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tortoise Investment Management LLC raised its holdings in Jack Henry & Associates by 76.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. raised its stake in Jack Henry & Associates by 148.9% during the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after buying an additional 134 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in Jack Henry & Associates in the third quarter valued at $48,000. International Assets Investment Management LLC bought a new stake in Jack Henry & Associates during the second quarter valued at $63,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Jack Henry & Associates during the 3rd quarter worth about $68,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JKHY has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price objective 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. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday. Compass Point began coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective for the company. Robert W. Baird boosted 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 report on Thursday, October 17th. Finally, UBS Group raised their price target 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. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $188.73.

Insider Activity

In other news, insider David B. Foss sold 18,770 shares of the business’s 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 transaction, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. The trade was a 11.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Jack Henry & Associates Trading Up 0.5 %

JKHY opened at $173.96 on Friday. Jack Henry & Associates, Inc. has a fifty-two week low of $153.23 and a fifty-two week high of $189.63. The firm has a market capitalization of $12.69 billion, a PE ratio of 31.86, a P/E/G 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’s 50-day moving average is $179.02 and its 200 day moving average is $171.39.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. The firm 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 company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 earnings per share. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a $0.55 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.20 annualized dividend and a dividend yield of 1.26%. Jack Henry & Associates’s payout ratio is 40.29%.

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.