Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,783 shares of the technology company’s stock after selling 248 shares during the period. CENTRAL TRUST Co’s holdings in Jack Henry & Associates were worth $1,467,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Jack Henry & Associates by 2.8% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,917,253 shares of the technology company’s stock valued at $478,609,000 after acquiring an additional 79,592 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Jack Henry & Associates by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,535,552 shares of the technology company’s stock valued at $251,385,000 after acquiring an additional 43,561 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Jack Henry & Associates by 16.7% in the fourth quarter. Nordea Investment Management AB now owns 663,178 shares of the technology company’s stock valued at $111,115,000 after acquiring an additional 94,680 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in Jack Henry & Associates by 8.7% in the third quarter. Lord Abbett & CO. LLC now owns 608,141 shares of the technology company’s stock valued at $99,772,000 after acquiring an additional 48,491 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Jack Henry & Associates by 3.3% in the third quarter. UBS Asset Management Americas Inc. now owns 568,170 shares of the technology company’s stock valued at $93,214,000 after acquiring an additional 18,020 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

JKHY has been the topic of a number of research reports. Royal Bank of Canada upped their price target on Jack Henry & Associates from $180.00 to $190.00 in a research note on Thursday, February 10th. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Tuesday, April 5th. DA Davidson upped their price target on Jack Henry & Associates from $188.00 to $204.00 in a research note on Thursday, February 10th. Finally, Oppenheimer upgraded Jack Henry & Associates from a “market perform” rating to an “outperform” rating and set a $206.00 price target on the stock in a research note on Tuesday, March 1st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $184.50.

Shares of Jack Henry & Associates stock traded down $5.05 during trading hours on Friday, reaching $189.58. 442,541 shares of the company were exchanged, compared to its average volume of 416,667. Jack Henry & Associates, Inc. has a 1 year low of $147.50 and a 1 year high of $205.37. The stock’s fifty day moving average is $190.14 and its 200 day moving average is $173.03. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $13.81 billion, a PE ratio of 40.60, a PEG ratio of 2.35 and a beta of 0.59.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last posted its quarterly earnings data on Tuesday, February 8th. The technology company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.14. Jack Henry & Associates had a return on equity of 26.11% and a net margin of 18.55%. The business had revenue of $493.90 million for the quarter, compared to analyst estimates of $467.83 million. During the same quarter in the prior year, the company earned $0.94 earnings per share. The company’s revenue was up 16.9% on a year-over-year basis. Research analysts expect that Jack Henry & Associates, Inc. will post 4.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Tuesday, March 8th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.03%. The ex-dividend date was Monday, March 7th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.46. Jack Henry & Associates’s dividend payout ratio is 41.97%.

In related news, CEO David B. Foss sold 3,247 shares of the stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of $188.08, for a total value of $610,695.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.60% of the company’s stock.

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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