Tredje AP fonden raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,366 shares of the technology company’s stock after acquiring an additional 1,429 shares during the quarter. Tredje AP fonden’s holdings in Jack Henry & Associates were worth $3,841,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new position in Jack Henry & Associates in the fourth quarter valued at approximately $525,000. Aviva PLC lifted its stake in Jack Henry & Associates by 15.4% in the fourth quarter. Aviva PLC now owns 139,082 shares of the technology company’s stock valued at $20,260,000 after buying an additional 18,582 shares during the last quarter. First Allied Advisory Services Inc. purchased a new stake in Jack Henry & Associates in the fourth quarter valued at approximately $217,000. Natixis Advisors L.P. lifted its stake in Jack Henry & Associates by 13.3% in the fourth quarter. Natixis Advisors L.P. now owns 94,856 shares of the technology company’s stock valued at $13,818,000 after buying an additional 11,159 shares during the last quarter. Finally, Andra AP fonden lifted its stake in Jack Henry & Associates by 7.7% in the fourth quarter. Andra AP fonden now owns 37,700 shares of the technology company’s stock valued at $5,492,000 after buying an additional 2,700 shares during the last quarter. 82.03% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on the company. BidaskClub upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th. Robert W. Baird upped their price target on Jack Henry & Associates from $152.00 to $156.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. DA Davidson upped their price target on Jack Henry & Associates from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. They noted that the move was a valuation call. Evercore ISI cut Jack Henry & Associates from an “in-line” rating to an “underperform” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada restated a “hold” rating and set a $162.00 price target on shares of Jack Henry & Associates in a research note on Monday, January 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Jack Henry & Associates has an average rating of “Hold” and an average target price of $152.14.
In related news, VP Stacey E. Zengel sold 938 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $173.36, for a total transaction of $162,611.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Stacey E. Zengel sold 1,013 shares of the stock in a transaction that occurred 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 owns 938 shares in the company, valued at $142,866.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,404 shares of company stock valued at $1,898,861. Insiders own 0.85% of the company’s stock.
NASDAQ JKHY traded down $3.60 during mid-day trading on Tuesday, reaching $164.33. 36,883 shares of the company’s stock traded hands, compared to its average volume of 453,047. Jack Henry & Associates, Inc. has a 1-year low of $129.22 and a 1-year high of $174.93. The company has a fifty day simple moving average of $157.32 and a 200-day simple moving average of $148.32. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 45.02, a P/E/G ratio of 3.79 and a beta of 0.88.
Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.05. Jack Henry & Associates had a return on equity of 19.37% and a net margin of 17.27%. The business had revenue of $419.12 million during the quarter, compared to analyst estimates of $409.85 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities analysts expect that Jack Henry & Associates, Inc. will post 3.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 2nd will be issued a $0.43 dividend. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 1.05%. Jack Henry & Associates’s dividend payout ratio is 45.45%.
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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