Hsbc Holdings PLC trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) by 2.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,740 shares of the technology company’s stock after selling 3,795 shares during the quarter. Hsbc Holdings PLC owned 0.20% of Jack Henry & Associates worth $22,827,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of JKHY. Integrated Wealth Concepts LLC grew its position in Jack Henry & Associates by 21.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock valued at $384,000 after purchasing an additional 367 shares during the period. Empowered Funds LLC raised its holdings in Jack Henry & Associates by 8.8% during the first quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock worth $1,312,000 after buying an additional 584 shares during the last quarter. Woodline Partners LP raised its holdings in Jack Henry & Associates by 40.6% during the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock worth $1,125,000 after buying an additional 1,778 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Jack Henry & Associates in the first quarter valued at $9,430,000. Finally, Focus Partners Wealth lifted its stake in shares of Jack Henry & Associates by 15.1% in the first quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock valued at $253,000 after buying an additional 182 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.
Jack Henry & Associates Price Performance
JKHY opened at $148.90 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 2.15 and a beta of 0.57. The firm’s fifty day moving average price is $137.68 and its two-hundred day moving average price is $155.79. Jack Henry & Associates, Inc. has a 1 year low of $121.04 and a 1 year high of $193.39.
Jack Henry & Associates Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, June 1st were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, June 1st. Jack Henry & Associates’s dividend payout ratio is presently 34.13%.
Insider Activity
In other Jack Henry & Associates news, CFO Mimi Carsley bought 375 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $134.12 per share, for a total transaction of $50,295.00. Following the purchase, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. This represents a 6.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory R. Adelson bought 2,000 shares of Jack Henry & Associates stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $133.42 per share, with a total value of $266,840.00. Following the completion of the acquisition, the chief executive officer owned 21,036 shares of the company’s stock, valued at $2,806,623.12. This represents a 10.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.60% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on JKHY shares. The Goldman Sachs Group decreased their target price on shares of Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Weiss Ratings cut shares of Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Barclays started coverage on Jack Henry & Associates in a research note on Tuesday, July 7th. They set an “overweight” rating and a $170.00 price target for the company. Morgan Stanley set a $170.00 price objective on Jack Henry & Associates in a report on Friday, May 8th. Finally, DA Davidson reissued a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $186.07.
Check Out Our Latest Stock Analysis on Jack Henry & Associates
Jack Henry & Associates Company Profile
Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.
The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.
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