CENTRAL TRUST Co Has $1.37 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

CENTRAL TRUST Co trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,397 shares of the technology company’s stock after selling 101 shares during the period. CENTRAL TRUST Co’s holdings in Jack Henry & Associates were worth $1,372,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Apollon Wealth Management LLC grew its stake in Jack Henry & Associates by 5.1% during the fourth quarter. Apollon Wealth Management LLC now owns 1,432 shares of the technology company’s stock worth $251,000 after buying an additional 69 shares in the last quarter. Horizon Investments LLC lifted its holdings in shares of Jack Henry & Associates by 5.9% in the second quarter. Horizon Investments LLC now owns 1,260 shares of the technology company’s stock worth $211,000 after acquiring an additional 70 shares during the last quarter. GAM Holding AG lifted its holdings in shares of Jack Henry & Associates by 0.5% in the third quarter. GAM Holding AG now owns 14,788 shares of the technology company’s stock worth $2,235,000 after acquiring an additional 73 shares during the last quarter. Guinness Asset Management LTD lifted its holdings in shares of Jack Henry & Associates by 2.9% in the third quarter. Guinness Asset Management LTD now owns 2,644 shares of the technology company’s stock worth $400,000 after acquiring an additional 74 shares during the last quarter. Finally, Curated Wealth Partners LLC lifted its holdings in shares of Jack Henry & Associates by 5.5% in the third quarter. Curated Wealth Partners LLC now owns 1,438 shares of the technology company’s stock worth $217,000 after acquiring an additional 75 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, February 7th. Evercore ISI increased their target price on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Thursday. TheStreet raised shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Finally, Wolfe Research started coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They issued a “peer perform” rating for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $171.00.

Jack Henry & Associates Stock Up 0.4 %

Shares of NASDAQ JKHY opened at $170.03 on Friday. The company has a market capitalization of $12.39 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 3.99 and a beta of 0.66. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. The company’s 50 day moving average price is $171.48 and its 200-day moving average price is $161.34.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. The firm had revenue of $545.70 million for the quarter, compared to the consensus estimate of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 EPS. Equities analysts forecast that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.29%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s payout ratio is 43.05%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.