Everence Capital Management Inc. Takes Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Everence Capital Management Inc. acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,660 shares of the technology company’s stock, valued at approximately $291,000.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its position in Jack Henry & Associates by 1.7% in the third quarter. State Street Corp now owns 3,976,658 shares of the technology company’s stock worth $702,039,000 after purchasing an additional 67,716 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Jack Henry & Associates by 1.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company’s stock worth $657,158,000 after buying an additional 67,386 shares during the last quarter. JPMorgan Chase & Co. grew its position in Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after buying an additional 131,515 shares during the period. Envestnet Asset Management Inc. grew its position in Jack Henry & Associates by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company’s stock valued at $175,342,000 after buying an additional 23,617 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in Jack Henry & Associates by 8.4% during the third quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company’s stock valued at $152,495,000 after buying an additional 66,600 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Activity at Jack Henry & Associates

In related news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the sale, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Stephens reissued an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Oppenheimer assumed coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target for the company. Robert W. Baird lifted their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $189.00.

Jack Henry & Associates Trading Up 1.0 %

Shares of JKHY opened at $171.34 on Wednesday. The firm has a market cap of $12.50 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The company has a 50 day simple moving average of $176.34 and a two-hundred day simple moving average of $173.56.

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

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were given a $0.55 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.28%. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

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.