Bessemer Group Inc. Decreases Holdings in Jack Henry & Associates, Inc. (JKHY)

Bessemer Group Inc. cut its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 69.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,416 shares of the technology company’s stock after selling 116,046 shares during the quarter. Bessemer Group Inc. owned 0.07% of Jack Henry & Associates worth $5,182,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of JKHY. Janus Henderson Group PLC purchased a new position in shares of Jack Henry & Associates during the second quarter worth approximately $372,869,000. BlackRock Inc. raised its stake in shares of Jack Henry & Associates by 36.8% during the second quarter. BlackRock Inc. now owns 8,439,992 shares of the technology company’s stock worth $876,664,000 after acquiring an additional 2,268,592 shares in the last quarter. State Street Corp raised its stake in shares of Jack Henry & Associates by 28.7% during the second quarter. State Street Corp now owns 2,673,266 shares of the technology company’s stock worth $277,675,000 after acquiring an additional 596,227 shares in the last quarter. Swiss National Bank raised its stake in shares of Jack Henry & Associates by 367.2% during the second quarter. Swiss National Bank now owns 603,200 shares of the technology company’s stock worth $62,654,000 after acquiring an additional 474,100 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Jack Henry & Associates by 35.3% during the second quarter. Goldman Sachs Group Inc. now owns 968,253 shares of the technology company’s stock worth $100,573,000 after acquiring an additional 252,673 shares in the last quarter. 90.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) traded down $0.27 during trading on Friday, hitting $113.69. 428,400 shares of the stock traded hands, compared to its average volume of 363,238. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.53 and a quick ratio of 1.10. Jack Henry & Associates, Inc. has a 1 year low of $83.07 and a 1 year high of $115.34. The company has a market capitalization of $8,780.73, a PE ratio of 36.56, a price-to-earnings-growth ratio of 2.98 and a beta of 0.77.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 15th. The technology company reported $0.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.83. Jack Henry & Associates had a net margin of 17.08% and a return on equity of 23.92%. The firm had revenue of $383.77 million for the quarter, compared to analysts’ expectations of $372.98 million. During the same quarter last year, the business earned $1.06 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. analysts forecast that Jack Henry & Associates, Inc. will post 3.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.09%. Jack Henry & Associates’s dividend payout ratio is 39.12%.

In related news, VP Mark S. Forbis sold 2,600 shares of Jack Henry & Associates stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $101.16, for a total value of $263,016.00. Following the sale, the vice president now owns 1,696 shares in the company, valued at $171,567.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kevin D. Williams sold 20,000 shares of Jack Henry & Associates stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $101.63, for a total transaction of $2,032,600.00. Following the completion of the sale, the insider now owns 43,314 shares in the company, valued at approximately $4,402,001.82. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by company insiders.

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Several research analysts have commented on the stock. Robert W. Baird reissued a “hold” rating and set a $114.00 price target on shares of Jack Henry & Associates in a research note on Friday. Royal Bank Of Canada restated a “sector perform” rating and issued a $103.00 target price (up previously from $96.00) on shares of Jack Henry & Associates in a report on Thursday. Cantor Fitzgerald raised their target price on shares of Jack Henry & Associates to $128.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $110.50.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).

Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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