Mutual Advisors LLC bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 1,371 shares of the technology company’s stock, valued at approximately $250,000.
→ The Next Big Crisis Is Here (From Porter & Company)
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Walker Asset Management LLC raised its position in shares of Jack Henry & Associates by 6,064.1% in the 2nd quarter. Walker Asset Management LLC now owns 15,291,939 shares of the technology company’s stock worth $2,863,830,000 after acquiring an additional 15,043,859 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Jack Henry & Associates by 27.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,326,194 shares of the technology company’s stock worth $238,741,000 after acquiring an additional 286,117 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Jack Henry & Associates by 523.8% in the 1st quarter. Baird Financial Group Inc. now owns 246,806 shares of the technology company’s stock worth $48,633,000 after acquiring an additional 207,243 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Jack Henry & Associates by 63.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 412,796 shares of the technology company’s stock worth $74,312,000 after acquiring an additional 160,655 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of Jack Henry & Associates by 49.9% in the 3rd quarter. Raymond James & Associates now owns 424,166 shares of the technology company’s stock worth $77,317,000 after acquiring an additional 141,157 shares in the last quarter. 90.26% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Jack Henry & Associates
In other news, CEO David B. Foss sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $188.11, for a total value of $3,009,760.00. Following the transaction, the chief executive officer now owns 106,099 shares in the company, valued at approximately $19,958,282.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.58% of the company’s stock.
Wall Street Analyst Weigh In
JKHY has been the subject of several research analyst reports. Oppenheimer lowered their price objective on Jack Henry & Associates from $197.00 to $191.00 in a research report on Thursday, November 10th. William Blair initiated coverage on Jack Henry & Associates in a research report on Wednesday, January 11th. They issued an “outperform” rating for the company. DA Davidson decreased their target price on Jack Henry & Associates to $198.00 in a research report on Tuesday, November 15th. Royal Bank of Canada decreased their target price on Jack Henry & Associates from $199.00 to $193.00 and set a “sector perform” rating for the company in a research report on Thursday, November 10th. Finally, Evercore ISI decreased their target price on Jack Henry & Associates to $170.00 in a research report on Tuesday, November 15th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus price target of $186.17.
Jack Henry & Associates Stock Performance
Shares of JKHY opened at $181.31 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 stock has a 50 day moving average price of $181.58 and a two-hundred day moving average price of $189.03. The firm has a market capitalization of $13.23 billion, a P/E ratio of 36.12, a P/E/G ratio of 4.03 and a beta of 0.65. Jack Henry & Associates, Inc. has a 52 week low of $155.44 and a 52 week high of $212.62.
Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last issued its quarterly earnings data on Tuesday, November 8th. The technology company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.08. The firm had revenue of $529.20 million during 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 revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.38 EPS. Equities analysts forecast that Jack Henry & Associates, Inc. will post 4.93 earnings per share for the current fiscal year.
Jack Henry & Associates Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 22nd. Stockholders of record on Thursday, December 1st were paid a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.08%. Jack Henry & Associates’s payout ratio is presently 39.04%.
About Jack Henry & Associates
Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology and services that reduce the barriers to financial health. 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Jack Henry & Associates, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Jack Henry & Associates wasn’t on the list.
While Jack Henry & Associates currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
