Norinchukin Bank The raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) by 14.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 136,215 shares of the technology company’s stock after acquiring an additional 16,899 shares during the period. Norinchukin Bank The owned about 0.18% of Jack Henry & Associates worth $22,747,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. FMR LLC boosted its stake in Jack Henry & Associates by 44.1% during the 1st quarter. FMR LLC now owns 317,841 shares of the technology company’s stock valued at $44,097,000 after purchasing an additional 97,259 shares during the last quarter. Morgan Stanley increased its holdings in shares of Jack Henry & Associates by 8.7% in the 2nd quarter. Morgan Stanley now owns 299,621 shares of the technology company’s stock worth $48,991,000 after buying an additional 23,943 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Jack Henry & Associates by 10.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 12,103 shares of the technology company’s stock valued at $1,986,000 after buying an additional 1,127 shares during the period. PNC Financial Services Group Inc. increased its stake in Jack Henry & Associates by 7.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,936 shares of the technology company’s stock valued at $1,136,000 after purchasing an additional 469 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Jack Henry & Associates by 42.5% during the third quarter. First Horizon Advisors Inc. now owns 510 shares of the technology company’s stock worth $111,000 after buying an additional 152 shares in the last quarter. 89.58% of the stock is currently owned by institutional investors.
JKHY has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Monday. DA Davidson increased their price target on shares of Jack Henry & Associates from $188.00 to $204.00 in a report on Thursday, February 10th. Royal Bank of Canada boosted their price target on Jack Henry & Associates from $180.00 to $190.00 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 for the company in a research note on Tuesday, March 1st. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $184.50.
Shares of NASDAQ:JKHY traded down $2.31 during midday trading on Thursday, hitting $175.87. The company had a trading volume of 630,801 shares, compared to its average volume of 597,421. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 36.51, a price-to-earnings-growth ratio of 2.25 and a beta of 0.58. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.71 and a quick ratio of 1.25. Jack Henry & Associates, Inc. has a twelve month low of $147.50 and a twelve month high of $205.37. The business’s 50-day simple moving average is $191.61 and its 200-day simple moving average is $173.82.
Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last released its earnings results on Tuesday, May 3rd. The technology company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.10. Jack Henry & Associates had a net margin of 18.81% and a return on equity of 27.04%. The company had revenue of $478.30 million during the quarter, compared to the consensus estimate of $475.52 million. During the same quarter in the prior year, the firm earned $0.95 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 4.83 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Tuesday, March 8th were paid a dividend of $0.49 per share. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Monday, March 7th. Jack Henry & Associates’s payout ratio is currently 40.16%.
About Jack Henry & Associates (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.
- Get a free copy of the StockNews.com research report on Jack Henry & Associates (JKHY)
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