Pictet Asset Management SA Sells 913 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Pictet Asset Management SA lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) by 2.8% in the 2nd quarter, Holdings Channel reports. The fund owned 31,325 shares of the technology company’s stock after selling 913 shares during the quarter. Pictet Asset Management SA’s holdings in Jack Henry & Associates were worth $5,639,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Clear Street Markets LLC increased its holdings in shares of Jack Henry & Associates by 390.3% during the second quarter. Clear Street Markets LLC now owns 152 shares of the technology company’s stock valued at $27,000 after acquiring an additional 121 shares in the last quarter. Credit Agricole S A purchased a new stake in shares of Jack Henry & Associates during the second quarter valued at approximately $29,000. CX Institutional bought a new stake in shares of Jack Henry & Associates during the second quarter valued at approximately $35,000. Oliver Lagore Vanvalin Investment Group purchased a new position in Jack Henry & Associates in the 1st quarter worth approximately $44,000. Finally, Tcwp LLC bought a new stake in Jack Henry & Associates in the 1st quarter worth approximately $45,000. Institutional investors own 90.80% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $186.96 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $13.64 billion, a PE ratio of 37.24, a P/E/G ratio of 4.13 and a beta of 0.66. Jack Henry & Associates, Inc. has a one year low of $147.50 and a one year high of $212.62. The company has a 50-day simple moving average of $186.81 and a two-hundred day simple moving average of $189.10.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last announced its quarterly earnings data on Wednesday, November 9th. The technology company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.05. The firm had revenue of $529.20 million for the quarter, compared to analyst estimates of $529.86 million. Jack Henry & Associates had a net margin of 18.51% and a return on equity of 26.99%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.38 earnings per share. Research analysts expect that Jack Henry & Associates, Inc. will post 4.93 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Thursday, December 1st will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, November 30th. Jack Henry & Associates’s dividend payout ratio is currently 39.04%.

Analyst Ratings Changes

Several brokerages have issued reports on JKHY. Morgan Stanley dropped their target price on Jack Henry & Associates from $190.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 18th. DA Davidson reduced their price objective on Jack Henry & Associates to $198.00 in a research note on Tuesday, November 15th. began coverage on Jack Henry & Associates in a report on Wednesday, October 12th. They set a “hold” rating for the company. Oppenheimer dropped their price target on shares of Jack Henry & Associates from $197.00 to $191.00 in a research report on Thursday, November 10th. Finally, Royal Bank of Canada dropped their target price on shares of Jack Henry & Associates from $199.00 to $193.00 and set a “sector perform” rating for the company in a report on Thursday, November 10th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and an average price target of $186.17.

Jack Henry & Associates Company Profile

(Get Rating)

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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