Jack Henry & Associates, Inc. (JKHY) Shares Sold by US Bancorp DE
US Bancorp DE trimmed its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 6.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 151,849 shares of the technology company’s stock after selling 10,717 shares during the period. US Bancorp DE owned 0.20% of Jack Henry & Associates worth $19,795,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of JKHY. Millennium Management LLC bought a new position in Jack Henry & Associates in the 4th quarter valued at $974,000. Dupont Capital Management Corp boosted its position in Jack Henry & Associates by 6.8% in the 1st quarter. Dupont Capital Management Corp now owns 24,568 shares of the technology company’s stock valued at $2,972,000 after buying an additional 1,567 shares during the last quarter. Dean Capital Investments Management LLC boosted its position in Jack Henry & Associates by 17.7% in the 1st quarter. Dean Capital Investments Management LLC now owns 6,021 shares of the technology company’s stock valued at $728,000 after buying an additional 905 shares during the last quarter. Alps Advisors Inc. bought a new position in Jack Henry & Associates in the 1st quarter valued at $469,000. Finally, Oppenheimer & Co. Inc. boosted its position in Jack Henry & Associates by 30.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 8,784 shares of the technology company’s stock valued at $1,062,000 after buying an additional 2,053 shares during the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on JKHY shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $134.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, May 22nd. BidaskClub raised Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 2nd. Zacks Investment Research raised Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $146.00 price target on the stock in a research note on Wednesday, July 4th. Robert W. Baird increased their price target on Jack Henry & Associates from $128.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, July 16th. Finally, Wells Fargo & Co increased their price target on Jack Henry & Associates from $110.00 to $160.00 and gave the company a “market perform” rating in a research note on Thursday, August 23rd. Seven analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $137.29.
Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 21st. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.15. Jack Henry & Associates had a return on equity of 23.72% and a net margin of 24.51%. The firm had revenue of $417.20 million for the quarter, compared to the consensus estimate of $407.57 million. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. analysts predict that Jack Henry & Associates, Inc. will post 4.01 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Tuesday, September 11th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, September 10th. Jack Henry & Associates’s dividend payout ratio is 41.23%.
In other Jack Henry & Associates news, Director Wesley A. Brown sold 3,479 shares of Jack Henry & Associates stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $132.21, for a total value of $459,958.59. Following the sale, the director now owns 91,124 shares of the company’s stock, valued at approximately $12,047,504.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John F. Prim sold 6,329 shares of Jack Henry & Associates stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $157.40, for a total value of $996,184.60. Following the completion of the sale, the director now directly owns 206,318 shares in the company, valued at approximately $32,474,453.20. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.
About Jack Henry & Associates
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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