Mutual of America Capital Management LLC Cuts Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mutual of America Capital Management LLC lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,978 shares of the technology company’s stock after selling 214 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Jack Henry & Associates were worth $1,585,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Empowered Funds LLC raised its position in Jack Henry & Associates by 2.0% in the 3rd quarter. Empowered Funds LLC now owns 4,845 shares of the technology company’s stock worth $855,000 after purchasing an additional 97 shares during the period. CIBC Asset Management Inc grew its stake in shares of Jack Henry & Associates by 2.8% during the third quarter. CIBC Asset Management Inc now owns 10,655 shares of the technology company’s stock valued at $1,881,000 after buying an additional 295 shares during the last quarter. Zions Bancorporation N.A. increased its holdings in shares of Jack Henry & Associates by 17.1% in the third quarter. Zions Bancorporation N.A. now owns 8,668 shares of the technology company’s stock worth $1,530,000 after buying an additional 1,265 shares during the period. Huntington National Bank lifted its stake in shares of Jack Henry & Associates by 20.9% in the 3rd quarter. Huntington National Bank now owns 451 shares of the technology company’s stock valued at $80,000 after acquiring an additional 78 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Jack Henry & Associates by 4.9% during the 3rd quarter. Victory Capital Management Inc. now owns 70,850 shares of the technology company’s stock valued at $12,508,000 after acquiring an additional 3,314 shares during the period. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Trading Down 0.1 %

JKHY opened at $172.39 on Tuesday. 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 $153.05 and a 52 week high of $189.63. The stock has a market cap of $12.58 billion, a PE ratio of 31.59, a PEG ratio of 3.25 and a beta of 0.63. The business has a 50 day moving average of $179.20 and a 200-day moving average of $171.31.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data 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 business had revenue of $600.98 million during the quarter, compared to analyst estimates 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 last year, the firm posted $1.39 earnings per share. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed 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. This represents a $2.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

Insiders Place Their Bets

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 sale, the insider now directly owns 138,665 shares of the company’s stock, valued at $23,756,087.80. The trade was a 11.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on JKHY. Keefe, Bruyette & Woods boosted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Oppenheimer started coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target for the company. Stephens restated an “equal weight” rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Finally, Compass Point began coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average 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.