First Trust Advisors LP raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) by 33.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 734,298 shares of the technology company’s stock after acquiring an additional 185,465 shares during the period. First Trust Advisors LP’s holdings in Jack Henry & Associates were worth $116,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently modified their holdings of JKHY. Caitong International Asset Management Co. Ltd lifted its position in shares of Jack Henry & Associates by 3,900.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock worth $30,000 after acquiring an additional 195 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Jack Henry & Associates by 2,816.7% in the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at $35,000. SJS Investment Consulting Inc. raised its stake in shares of Jack Henry & Associates by 3,933.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock valued at $38,000 after purchasing an additional 236 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in Jack Henry & Associates during the 2nd quarter worth about $39,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.
Jack Henry & Associates Trading Up 1.4%
Shares of JKHY stock opened at $148.23 on Friday. 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 business has a 50-day moving average of $138.06 and a 200 day moving average of $155.33. The stock has a market capitalization of $10.53 billion, a PE ratio of 20.73, a P/E/G ratio of 2.05 and a beta of 0.57. Jack Henry & Associates, Inc. has a 1-year low of $121.04 and a 1-year high of $193.39.
Jack Henry & Associates Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. Jack Henry & Associates’s dividend payout ratio is presently 34.13%.
Insider Activity
In other Jack Henry & Associates news, CEO Gregory R. Adelson purchased 2,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $133.42 per share, with a total value of $266,840.00. Following the acquisition, the chief executive officer owned 21,036 shares in the company, valued at approximately $2,806,623.12. The trade was a 10.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mimi Carsley bought 375 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of $134.12 per share, with a total value of $50,295.00. Following the transaction, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.60% of the company’s stock.
Analysts Set New Price Targets
JKHY has been the subject of a number of recent analyst reports. Weiss Ratings lowered Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. The Goldman Sachs Group cut their price objective 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. Loop Capital assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, March 31st. They issued a “buy” rating and a $197.00 target price on the stock. Wolfe Research set a $165.00 price target on shares of Jack Henry & Associates in a research report on Monday, June 29th. Finally, Royal Bank Of Canada decreased their price target on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating on the stock in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $186.07.
View Our Latest Stock Report on Jack Henry & Associates
Jack Henry & Associates 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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