Bokf Na reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,004 shares of the technology company’s stock after selling 1,870 shares during the period. Bokf Na’s holdings in Jack Henry & Associates were worth $1,392,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of JKHY. Cutler Group LP acquired a new stake in shares of Jack Henry & Associates in the 4th quarter worth approximately $25,000. Sun Life Financial INC acquired a new stake in shares of Jack Henry & Associates in the 4th quarter worth approximately $27,000. Guardian Life Insurance Co. of America acquired a new stake in shares of Jack Henry & Associates in the 4th quarter worth approximately $28,000. Legacy Financial Advisors Inc. lifted its stake in shares of Jack Henry & Associates by 415.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 227 shares of the technology company’s stock worth $29,000 after acquiring an additional 183 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Jack Henry & Associates by 9,075.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,617,727 shares of the technology company’s stock worth $36,000 after acquiring an additional 4,567,400 shares during the period. 89.34% of the stock is owned by institutional investors.
NASDAQ JKHY opened at $137.24 on Friday. Jack Henry & Associates, Inc. has a 12 month low of $116.79 and a 12 month high of $163.68. The company has a market capitalization of $10.59 billion, a P/E ratio of 38.23, a price-to-earnings-growth ratio of 3.42 and a beta of 0.87.
Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, February 5th. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. Jack Henry & Associates had a net margin of 19.57% and a return on equity of 23.57%. The business had revenue of $386.28 million for the quarter, compared to the consensus estimate of $380.40 million. During the same period in the previous year, the firm earned $2.08 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts predict that Jack Henry & Associates, Inc. will post 3.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, March 1st will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.37. Jack Henry & Associates’s payout ratio is currently 44.57%.
JKHY has been the subject of a number of research analyst reports. BidaskClub raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Cantor Fitzgerald reiterated a “buy” rating and issued a $163.00 target price on shares of Jack Henry & Associates in a report on Tuesday, February 5th. Finally, Wells Fargo & Co upgraded shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $160.00 to $155.00 in a report on Thursday, February 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $152.75.
In other Jack Henry & Associates news, Director John F. Prim sold 7,575 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $131.91, for a total value of $999,218.25. Following the completion of the sale, the director now directly owns 218,491 shares of the company’s stock, valued at $28,821,147.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stacey E. Zengel sold 4,388 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $133.50, for a total transaction of $585,798.00. Following the sale, the vice president now directly owns 4,453 shares of the company’s stock, valued at $594,475.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,713 shares of company stock worth $1,685,666. Company insiders own 0.84% of the company’s stock.
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Jack Henry & Associates Profile
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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