Bbva Compass Bancshares Inc. decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,455 shares of the technology company’s stock after selling 1,177 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Jack Henry & Associates were worth $1,728,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cutler Group LP acquired a new position in Jack Henry & Associates during the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new position in Jack Henry & Associates during the first quarter worth about $25,000. Sun Life Financial INC acquired a new position in Jack Henry & Associates during the fourth quarter worth about $27,000. Executive Wealth Management LLC acquired a new position in Jack Henry & Associates during the fourth quarter worth about $27,000. Finally, Guardian Life Insurance Co. of America acquired a new position in Jack Henry & Associates during the fourth quarter worth about $28,000. 90.52% of the stock is owned by hedge funds and other institutional investors.
In other news, Director John F. Prim sold 7,575 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $131.91, for a total value of $999,218.25. Following the completion of the transaction, the director now 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 link. Also, VP Stacey E. Zengel sold 4,388 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $133.50, for a total value of $585,798.00. Following the completion of the transaction, the vice president now directly owns 4,453 shares of the company’s stock, valued at approximately $594,475.50. The disclosure for this sale can be found here. Insiders sold 14,623 shares of company stock valued at $1,945,586 in the last ninety days. 0.84% of the stock is currently owned by insiders.
Jack Henry & Associates stock opened at $134.77 on Friday. Jack Henry & Associates, Inc. has a 1 year low of $119.30 and a 1 year high of $163.68. The company has a market capitalization of $10.34 billion, a PE ratio of 37.54, a PEG ratio of 3.48 and a beta of 0.89.
Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.77 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. Jack Henry & Associates had a return on equity of 21.72% and a net margin of 18.79%. The company had revenue of $380.36 million during the quarter, compared to the consensus estimate of $382.45 million. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. Analysts expect that Jack Henry & Associates, Inc. will post 3.5 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Wednesday, May 22nd. Jack Henry & Associates’s dividend payout ratio is currently 44.57%.
Several research analysts have commented on the company. Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Cantor Fitzgerald reissued a “buy” rating and set a $159.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, May 7th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Jack Henry & Associates presently has an average rating of “Buy” and a consensus target price of $150.40.
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Jack Henry & Associates Company 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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