Clean Yield Group Makes New Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Clean Yield Group purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 22,693 shares of the technology company’s stock, valued at approximately $3,978,000. Jack Henry & Associates makes up approximately 1.3% of Clean Yield Group’s holdings, making the stock its 26th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of JKHY. JPMorgan Chase & Co. raised its stake in shares of Jack Henry & Associates by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after purchasing an additional 131,515 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Jack Henry & Associates in the 3rd quarter valued at approximately $618,000. Nordea Investment Management AB raised its position in Jack Henry & Associates by 50.8% in the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after buying an additional 263,021 shares during the last quarter. XTX Topco Ltd lifted its stake in Jack Henry & Associates by 137.3% in the 3rd quarter. XTX Topco Ltd now owns 7,761 shares of the technology company’s stock valued at $1,370,000 after acquiring an additional 4,491 shares in the last quarter. Finally, Pensionfund Sabic acquired a new position in Jack Henry & Associates during the 4th quarter worth approximately $1,315,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Transactions at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the 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 completion of the transaction, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.37% of the stock is owned by insiders.

Jack Henry & Associates Stock Performance

Shares of JKHY traded up $1.52 during mid-day trading on Monday, hitting $173.52. 311,344 shares of the company’s stock were exchanged, compared to its average volume of 482,805. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $189.63. The stock’s 50-day simple moving average is $175.53 and its 200-day simple moving average is $173.73. The firm has a market cap of $12.66 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. During the same quarter last year, the company earned $1.39 EPS. The company’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. Jack Henry & Associates’s dividend payout ratio is 40.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Oppenheimer started coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective for the company. Royal Bank of Canada raised their price target 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. 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. William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $189.00.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.