EULAV Asset Management increased its stake in Jack Henry & Associates (NASDAQ:JKHY) by 14.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,100 shares of the technology company’s stock after purchasing an additional 10,700 shares during the quarter. EULAV Asset Management owned about 0.11% of Jack Henry & Associates worth $10,535,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new position in shares of Jack Henry & Associates in the fourth quarter valued at $165,000. Advisory Services Network LLC grew its position in shares of Jack Henry & Associates by 1,238.8% in the fourth quarter. Advisory Services Network LLC now owns 1,620 shares of the technology company’s stock valued at $189,000 after purchasing an additional 1,499 shares in the last quarter. Allegis Investment Advisors LLC purchased a new position in shares of Jack Henry & Associates in the fourth quarter valued at $200,000. Wesbanco Bank Inc. purchased a new position in shares of Jack Henry & Associates in the fourth quarter valued at $215,000. Finally, Pinnacle Financial Partners Inc. purchased a new position in shares of Jack Henry & Associates in the fourth quarter valued at $219,000. Institutional investors own 88.79% of the company’s stock.
In other news, VP Mark S. Forbis sold 1,014 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $123.19, for a total value of $124,914.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David B. Foss sold 7,000 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $123.44, for a total value of $864,080.00. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.
Jack Henry & Associates stock opened at $122.28 on Thursday. Jack Henry & Associates has a 52 week low of $121.45 and a 52 week high of $122.06. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $9.39 billion, a P/E ratio of 38.94, a price-to-earnings-growth ratio of 3.18 and a beta of 0.78.
Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, May 1st. The technology company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07. Jack Henry & Associates had a return on equity of 23.12% and a net margin of 23.69%. The business had revenue of $384.70 million during the quarter, compared to analysts’ expectations of $376.41 million. During the same period in the previous year, the business earned $0.77 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. equities research analysts predict that Jack Henry & Associates will post 3.47 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 7th. Stockholders of record on Wednesday, May 23rd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Tuesday, May 22nd. Jack Henry & Associates’s payout ratio is currently 47.13%.
Several equities analysts recently commented on JKHY shares. Zacks Investment Research cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Wednesday, March 21st. BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 6th. Oppenheimer restated a “hold” rating on shares of Jack Henry & Associates in a research report on Thursday, January 18th. Cantor Fitzgerald restated a “buy” rating and set a $128.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, February 6th. Finally, DA Davidson started coverage on Jack Henry & Associates in a research report on Monday, January 22nd. They set a “neutral” rating and a $118.00 target price for the company. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Jack Henry & Associates currently has a consensus rating of “Hold” and an average price target of $121.17.
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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