Pacer Advisors Inc. raised its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,306 shares of the technology company’s stock after buying an additional 649 shares during the quarter. Pacer Advisors Inc.’s holdings in Jack Henry & Associates were worth $978,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new position in Jack Henry & Associates in the second quarter valued at approximately $25,000. Flagship Harbor Advisors LLC lifted its stake in Jack Henry & Associates by 38.7% in the second quarter. Flagship Harbor Advisors LLC now owns 258 shares of the technology company’s stock valued at $34,000 after buying an additional 72 shares during the period. Advisory Services Network LLC lifted its stake in Jack Henry & Associates by 33.2% in the first quarter. Advisory Services Network LLC now owns 329 shares of the technology company’s stock valued at $45,000 after buying an additional 82 shares during the period. Benjamin Edwards Inc. lifted its stake in Jack Henry & Associates by 32.6% in the second quarter. Benjamin Edwards Inc. now owns 643 shares of the technology company’s stock valued at $86,000 after buying an additional 158 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new position in Jack Henry & Associates in the first quarter valued at approximately $106,000. 90.86% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Mark S. Forbis sold 501 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $137.58, for a total transaction of $68,927.58. Following the completion of the sale, the insider now owns 797 shares in the company, valued at $109,651.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew C. Flanigan sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $137.70, for a total value of $688,500.00. Following the sale, the director now owns 49,226 shares of the company’s stock, valued at approximately $6,778,420.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,821 shares of company stock valued at $1,213,430. Corporate insiders own 0.84% of the company’s stock.
Several equities analysts have issued reports on JKHY shares. Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub downgraded Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Atlantic Securities assumed coverage on Jack Henry & Associates in a report on Tuesday, September 3rd. They set a “neutral” rating and a $147.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $151.50.
Shares of NASDAQ JKHY traded down $1.17 during midday trading on Friday, hitting $145.21. 206,822 shares of the stock traded hands, compared to its average volume of 432,247. The company has a market cap of $11.17 billion, a PE ratio of 41.25, a P/E/G ratio of 3.45 and a beta of 0.92. Jack Henry & Associates, Inc. has a one year low of $120.20 and a one year high of $163.68. The business has a 50 day moving average price of $141.71 and a two-hundred day moving average price of $138.57.
Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The firm had revenue of $393.50 million during the quarter, compared to the consensus estimate of $390.70 million. Jack Henry & Associates had a return on equity of 19.37% and a net margin of 17.51%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 earnings per share. Research analysts predict that Jack Henry & Associates, Inc. will post 3.66 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 9th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. Jack Henry & Associates’s dividend payout ratio is 45.45%.
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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