Cibc World Market Inc. Jack Henry & Associates, Inc. sells 333 shares. (NASDAQ:JKHY)

Cibc World Market Inc. reduced its position in Jack Henry & Associates, Inc. (NASDAQ: JKHY – Get a rating) by 6.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,911 shares of the technology company’s stock after selling 333 shares during the quarter. The participation of Cibc World Market Inc. in Jack Henry & Associates was worth $884,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Jack Henry & Associates by 12.1% during the 2nd quarter. Now Principal Financial Group Inc. now owns 107,014 shares of the technology company’s stock valued at $19,265,000 after acquiring an additional 11,553 shares during the period. Cerity Partners LLC purchased a new position in shares of Jack Henry & Associates during the 2nd quarter valued at $667,000. Corbett Road Capital Management LLC purchased a new position in shares of Jack Henry & Associates during the 2nd quarter valued at $619,000. Qtron Investments LLC purchased a new position in shares of Jack Henry & Associates during the 2nd quarter valued at $730,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Jack Henry & Associates during the 2nd quarter valued at $3,250,000. Currently, 90.80% of shares are owned by institutional investors.

A Wall Street analyst weighs in

A number of equities analysts recently commented on JKHY shares. Oppenheimer cut their price target on Jack Henry & Associates from $197.00 to $191.00 in a report on Thursday, November 10th. Evercore ISI cut their price objective on Jack Henry & Associates to $170.00 in a report on Tuesday, November 15th. Royal Bank of Canada cut their price target on 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. DA Davidson cut their price objective on Jack Henry & Associates to $198.00 in a report on Tuesday, November 15th. Finally, Credit Suisse Group boosted their target price on Jack Henry & Associates from $175.00 to $180.00 and gave the stock a “neutral” rating in a report on Thursday, August 18th. Six equities research analysts have rated the stock with a hold rating and one has given a “buy” rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $186.17, according to MarketBeat.

Shares of Jack Henry & Associates rose 2.1%

Actions Shares of Jack Henry & Associates opened at $186.96 on Monday. Jack Henry & Associates, Inc. has a 1-year low of $147.50 and a 1-year high of $212.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.03, and a quick ratio of 1.03. The stock’s 50-day moving average is $186.81, and its 200-day moving average is $189.11. The firm has a market cap of $13.64 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 4.22 and a beta of 0.66.

Jack Henry and Associates (NASDAQ: JKHY – Get a rating) last announced quarterly earnings results on Wednesday, November 9. The technology company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.05. The company had revenue of $529.20 million for the quarter, compared to analyst estimates of $529.86 million. Jack Henry & Associates had a return on equity of 26.99% and a net margin of 18.51%. The company’s quarterly revenue increased by 8.4% compared to the same period last year. In the same quarter last year, the company earned $1.38 in earnings per share. Equities analysts expect Jack Henry & Associates, Inc. will post 4.93 EPS for the current year.

Jack Henry & Associates announces dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Thursday, December 1st will be paid a $0.49 dividend. This is $1.96 in annualized dividends and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, November 30th. Jack Henry & Associates’ dividend payout ratio (DPR) is currently 39.04%.

Profile of Jack Henry & Associates

(Get a rating)

Jack Henry & Associates, Inc. provides technology solutions and payment processing services primarily to financial services organizations in the United States. It operates through four segments: Core, Premium, Premium, Enterprise and Other. The company offers solutions for processing information and transactions for a variety of banks – from public to multi-billion institutions under the Jack Henry Banking brand; core data solutions for various credit unions under the Symitar brand; and specialized financial metrics, visualization and payment processing, information security and risk management, retail delivery, and online and mobile solutions for financial institutions and corporate organizations under the ProfitStars brand.

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