Tributary Capital Management LLC Raises Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Tributary Capital Management LLC increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 15.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,400 shares of the technology company’s stock after acquiring an additional 1,500 shares during the period. Tributary Capital Management LLC’s holdings in Jack Henry & Associates were worth $1,661,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in Jack Henry & Associates by 1.0% in the second quarter. Vanguard Group Inc. now owns 9,284,839 shares of the technology company’s stock worth $1,243,426,000 after acquiring an additional 92,261 shares during the period. BlackRock Inc. grew its position in Jack Henry & Associates by 3.2% in the second quarter. BlackRock Inc. now owns 7,898,053 shares of the technology company’s stock worth $1,057,706,000 after acquiring an additional 247,051 shares during the period. State Street Corp grew its position in Jack Henry & Associates by 1.0% in the third quarter. State Street Corp now owns 3,573,512 shares of the technology company’s stock worth $521,626,000 after acquiring an additional 33,864 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in Jack Henry & Associates by 3.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,809,374 shares of the technology company’s stock worth $242,314,000 after acquiring an additional 62,225 shares during the period. Finally, Parnassus Investments CA grew its position in Jack Henry & Associates by 75.1% in the third quarter. Parnassus Investments CA now owns 947,472 shares of the technology company’s stock worth $138,302,000 after acquiring an additional 406,463 shares during the period. Institutional investors own 90.88% of the company’s stock.

Several brokerages recently weighed in on JKHY. ValuEngine lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, January 4th. BidaskClub upgraded Jack Henry & Associates from a “strong sell” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research report on Tuesday, January 7th. Finally, Evercore ISI cut Jack Henry & Associates from an “in-line” rating to an “underperform” rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $152.00.

NASDAQ:JKHY opened at $149.27 on Friday. The stock’s fifty day moving average is $147.56 and its two-hundred day moving average is $144.09. Jack Henry & Associates, Inc. has a 52 week low of $126.00 and a 52 week high of $152.93. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 42.41, a price-to-earnings-growth ratio of 3.31 and a beta of 0.88.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Monday, November 4th. The technology company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.12. Jack Henry & Associates had a return on equity of 19.41% and a net margin of 17.38%. The company had revenue of $438.00 million for the quarter, compared to analysts’ expectations of $420.34 million. During the same period in the prior year, the firm earned $1.08 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. As a group, equities analysts predict that Jack Henry & Associates, Inc. will post 3.86 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Friday, November 29th. Jack Henry & Associates’s dividend payout ratio (DPR) is 45.45%.

In other news, VP Stacey E. Zengel sold 1,013 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $152.31, for a total value of $154,290.03. Following the sale, the vice president now directly owns 938 shares in the company, valued at $142,866.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Mark S. Forbis sold 1,479 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $148.29, for a total value of $219,320.91. Following the completion of the sale, the vice president now owns 1,621 shares in the company, valued at $240,378.09. The disclosure for this sale can be found here. Insiders have sold 4,292 shares of company stock worth $637,491 over the last 90 days. 0.85% of the stock is owned by insiders.

About Jack Henry & Associates

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar 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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