The Manufacturers Life Insurance Company Has $9.54 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

The Manufacturers Life Insurance Company reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 54,033 shares of the technology company’s stock after selling 340 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Jack Henry & Associates were worth $9,539,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in Jack Henry & Associates by 6,680.1% in the second quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock worth $19,158,000 after acquiring an additional 113,696 shares in the last quarter. Boston Trust Walden Corp grew its position in Jack Henry & Associates by 3.0% in the 2nd quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company’s stock valued at $35,318,000 after purchasing an additional 6,173 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Jack Henry & Associates during the 3rd quarter valued at $618,000. Harbor Capital Advisors Inc. raised its holdings in Jack Henry & Associates by 285.3% during the second quarter. Harbor Capital Advisors Inc. now owns 4,204 shares of the technology company’s stock worth $698,000 after buying an additional 3,113 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Jack Henry & Associates by 188.4% in the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock valued at $46,819,000 after buying an additional 184,210 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on JKHY shares. Robert W. Baird upped their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Compass Point assumed coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price objective for the company. William Blair cut shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their target price on 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, Oppenheimer started coverage on 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. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Jack Henry & Associates currently has a consensus rating of “Hold” and an average price target of $188.73.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the sale, the insider now directly owns 138,665 shares in the company, valued at $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.37% of the company’s stock.

Jack Henry & Associates Stock Down 0.2 %

Shares of NASDAQ JKHY opened at $175.33 on Wednesday. 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 stock has a market capitalization of $12.79 billion, a PE ratio of 32.11, a P/E/G ratio of 3.31 and a beta of 0.61. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The business’s fifty day moving average price is $179.12 and its 200-day moving average price is $171.61.

Jack Henry & Associates (NASDAQ:JKHY) last released 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 for the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 earnings per share. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors 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 dividend on an annualized basis and a yield of 1.25%. Jack Henry & Associates’s dividend payout ratio is 40.29%.

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.