Raymond James & Associates Grows Stake in Jack Henry & Associates, Inc. (JKHY)

Raymond James & Associates grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 153,699 shares of the technology company’s stock after buying an additional 6,063 shares during the period. Raymond James & Associates owned 0.20% of Jack Henry & Associates worth $17,976,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Jack Henry & Associates by 1.9% in the 4th quarter. BlackRock Inc. now owns 8,713,051 shares of the technology company’s stock valued at $1,019,079,000 after buying an additional 164,542 shares during the period. Wells Fargo & Company MN increased its stake in shares of Jack Henry & Associates by 0.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,166,434 shares of the technology company’s stock valued at $136,426,000 after buying an additional 9,507 shares during the period. Geode Capital Management LLC increased its stake in shares of Jack Henry & Associates by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 840,263 shares of the technology company’s stock valued at $98,230,000 after buying an additional 18,362 shares during the period. Congress Asset Management Co. MA boosted its position in shares of Jack Henry & Associates by 2.1% in the 4th quarter. Congress Asset Management Co. MA now owns 786,312 shares of the technology company’s stock worth $91,967,000 after purchasing an additional 15,914 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its position in shares of Jack Henry & Associates by 11.0% in the 3rd quarter. TimesSquare Capital Management LLC now owns 713,470 shares of the technology company’s stock worth $73,338,000 after purchasing an additional 70,770 shares during the last quarter. 88.65% of the stock is owned by institutional investors.

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Jack Henry & Associates, Inc. (NASDAQ JKHY) opened at $124.90 on Tuesday. Jack Henry & Associates, Inc. has a 12-month low of $91.50 and a 12-month high of $127.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $9,677.00, a price-to-earnings ratio of 39.64, a PEG ratio of 3.37 and a beta of 0.82.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 6th. The technology company reported $0.80 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. The firm had revenue of $374.80 million for the quarter, compared to analyst estimates of $368.84 million. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 23.35%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. research analysts anticipate that Jack Henry & Associates, Inc. will post 3.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Thursday, March 1st were issued a dividend of $0.37 per share. The ex-dividend date was Wednesday, February 28th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.31. This represents a $1.48 annualized dividend and a yield of 1.18%. Jack Henry & Associates’s payout ratio is currently 33.41%.

Several research analysts have recently issued reports on JKHY shares. Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research report on Wednesday, January 31st. Cantor Fitzgerald restated a “buy” rating and issued a $128.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, February 6th. Stephens restated a “hold” rating and issued a $118.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, February 6th. Oppenheimer restated a “hold” rating on shares of Jack Henry & Associates in a research report on Thursday, January 18th. Finally, Robert W. Baird raised their price target on Jack Henry & Associates from $114.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $122.17.

In other Jack Henry & Associates news, CEO David B. Foss sold 7,000 shares of Jack Henry & Associates stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $123.44, for a total transaction of $864,080.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas Hampton Jr. Wilson bought 1,000 shares of Jack Henry & Associates stock in a transaction on Thursday, February 15th. The shares were acquired at an average price of $119.40 per share, for a total transaction of $119,400.00. Following the completion of the acquisition, the director now owns 18,866 shares of the company’s stock, valued at approximately $2,252,600.40. The disclosure for this purchase can be found here. Insiders own 0.78% of the company’s stock.

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Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).

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

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