Jack Henry & Associates, Inc. $JKHY Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC lessened its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 69.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,710 shares of the technology company’s stock after selling 3,967 shares during the quarter. NewEdge Advisors LLC’s holdings in Jack Henry & Associates were worth $270,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC increased its position in shares of Jack Henry & Associates by 2,816.7% during the fourth quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after purchasing an additional 169 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Jack Henry & Associates in the 2nd quarter valued at $35,000. Caitong International Asset Management Co. Ltd lifted its holdings in Jack Henry & Associates by 3,900.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after purchasing an additional 195 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in Jack Henry & Associates during the 2nd quarter worth $39,000. Finally, United Community Bank acquired a new stake in Jack Henry & Associates during the 4th quarter worth $41,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Up 0.1%

JKHY opened at $156.63 on Wednesday. Jack Henry & Associates, Inc. has a one year low of $121.04 and a one year high of $193.39. The stock has a market capitalization of $11.13 billion, a PE ratio of 21.91, a P/E/G ratio of 2.20 and a beta of 0.55. The business’s 50 day moving average price is $140.66 and its 200 day moving average price is $153.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.28. The company had revenue of $615.93 million during the quarter, compared to analyst estimates of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 earnings per share. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 6.84 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, June 1st were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, June 1st. Jack Henry & Associates’s dividend payout ratio is 34.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on JKHY shares. Wolfe Research set a $165.00 target price on shares of Jack Henry & Associates in a research report on Monday, June 29th. Morgan Stanley set a $170.00 price target on shares of Jack Henry & Associates in a research note on Friday, May 8th. UBS Group set a $165.00 price target on shares of Jack Henry & Associates in a research report on Thursday, May 7th. DA Davidson reaffirmed a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a research note on Monday, May 11th. Finally, Royal Bank Of Canada cut their price objective on shares of Jack Henry & Associates from $180.00 to $173.00 and set an “outperform” rating for the company in a report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.07.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, CFO Mimi Carsley acquired 375 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $134.12 per share, with a total value of $50,295.00. Following the transaction, the chief financial officer owned 6,007 shares of the company’s stock, valued at $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gregory R. Adelson acquired 2,000 shares of Jack Henry & Associates stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of $133.42 per share, for a total transaction of $266,840.00. Following the completion of the acquisition, the chief executive officer owned 21,036 shares in the company, valued at $2,806,623.12. This trade represents a 10.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.