Oregon Public Employees Retirement Fund increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,865 shares of the technology company’s stock after purchasing an additional 472 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Jack Henry & Associates were worth $2,602,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. State of Tennessee Treasury Department raised its holdings in Jack Henry & Associates by 3.7% in the 3rd quarter. State of Tennessee Treasury Department now owns 36,709 shares of the technology company’s stock worth $5,358,000 after purchasing an additional 1,319 shares during the period. JGP Wealth Management LLC raised its holdings in Jack Henry & Associates by 1.8% in the 3rd quarter. JGP Wealth Management LLC now owns 28,741 shares of the technology company’s stock worth $4,155,000 after purchasing an additional 507 shares during the period. California State Teachers Retirement System raised its holdings in Jack Henry & Associates by 1.4% in the 3rd quarter. California State Teachers Retirement System now owns 142,009 shares of the technology company’s stock worth $20,729,000 after purchasing an additional 1,897 shares during the period. Creative Planning raised its holdings in Jack Henry & Associates by 3.3% in the 3rd quarter. Creative Planning now owns 8,768 shares of the technology company’s stock worth $1,280,000 after purchasing an additional 284 shares during the period. Finally, Cetera Advisors LLC bought a new position in Jack Henry & Associates in the 3rd quarter worth $205,000. 90.52% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on JKHY shares. Evercore ISI cut Jack Henry & Associates from an “in-line” rating to an “underperform” rating in a report on Wednesday, December 11th. Royal Bank of Canada reissued a “hold” rating and set a $162.00 price target on shares of Jack Henry & Associates in a report on Monday, January 20th. Zacks Investment Research raised Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a report on Tuesday, January 7th. BidaskClub raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Robert W. Baird raised their price target on Jack Henry & Associates from $152.00 to $156.00 and gave the company a “neutral” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $152.14.
Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.05. The business had revenue of $419.12 million for the quarter, compared to analysts’ expectations of $409.85 million. Jack Henry & Associates had a return on equity of 19.37% and a net margin of 17.27%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $0.88 earnings per share. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 3.93 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a yield of 1.00%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 45.45%.
In other news, VP Stacey E. Zengel sold 1,013 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $152.31, for a total transaction of $154,290.03. Following the completion of the transaction, the vice president now owns 938 shares in the company, valued at $142,866.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kevin D. Williams sold 9,453 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $167.35, for a total value of $1,581,959.55. Following the transaction, the chief financial officer now owns 26,100 shares of the company’s stock, valued at approximately $4,367,835. The disclosure for this sale can be found here. 0.85% of the stock is owned by company insiders.
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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