Freedom Investment Management Inc. Sells 119 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Freedom Investment Management Inc. trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,885 shares of the technology company’s stock after selling 119 shares during the quarter. Freedom Investment Management Inc.’s holdings in Jack Henry & Associates were worth $333,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Townsquare Capital LLC grew its holdings in shares of Jack Henry & Associates by 0.7% during the third quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company’s stock valued at $1,695,000 after buying an additional 67 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Jack Henry & Associates by 49.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock valued at $38,836,000 after acquiring an additional 72,760 shares in the last quarter. FMR LLC boosted its stake in Jack Henry & Associates by 7.8% during the 3rd quarter. FMR LLC now owns 19,815 shares of the technology company’s stock valued at $3,498,000 after purchasing an additional 1,428 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Jack Henry & Associates by 23.9% in the 3rd quarter. Quantbot Technologies LP now owns 22,389 shares of the technology company’s stock worth $3,953,000 after purchasing an additional 4,319 shares in the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of Jack Henry & Associates by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock worth $877,000 after purchasing an additional 61 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $176.18 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The business’s fifty day moving average is $179.07 and its 200 day moving average is $171.49. The company has a market capitalization of $12.85 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 3.28 and a beta of 0.63. Jack Henry & Associates, Inc. has a fifty-two week low of $154.77 and a fifty-two week high of $189.63.

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

Jack Henry & Associates Announces Dividend

The company also recently disclosed 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 of this dividend is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.25%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

Insider Activity

In related news, insider David B. Foss sold 18,770 shares of the 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 completion of the sale, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on JKHY shares. Oppenheimer assumed coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective on the stock. Stephens reaffirmed an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. UBS Group boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Compass Point started 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 on the stock. Finally, StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Eleven 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 stock presently has a consensus rating of “Hold” and an average price target of $188.73.

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.