Ameritas Investment Partners Inc. raised its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,237 shares of the technology company’s stock after buying an additional 353 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Jack Henry & Associates were worth $2,414,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. YorkBridge Wealth Partners LLC grew its holdings in Jack Henry & Associates by 4.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the technology company’s stock valued at $112,000 after buying an additional 45 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in Jack Henry & Associates in the 2nd quarter valued at $114,000. Almanack Investment Partners LLC. purchased a new stake in Jack Henry & Associates in the 1st quarter valued at $124,000. Parallel Advisors LLC grew its holdings in Jack Henry & Associates by 9.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,216 shares of the technology company’s stock valued at $131,000 after buying an additional 108 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in Jack Henry & Associates by 40.6% in the 2nd quarter. IFP Advisors Inc now owns 1,312 shares of the technology company’s stock valued at $136,000 after buying an additional 379 shares in the last quarter. Institutional investors own 91.65% of the company’s stock.
JKHY has been the subject of several analyst reports. Zacks Investment Research cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Stephens reaffirmed an “equal weight” rating and issued a $97.00 price target (up previously from $93.00) on shares of Jack Henry & Associates in a research note on Friday, August 18th. BidaskClub lowered Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Cantor Fitzgerald began coverage on Jack Henry & Associates in a research note on Monday, August 28th. They issued an “overweight” rating and a $112.00 price target on the stock. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $104.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, September 19th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Jack Henry & Associates presently has an average rating of “Hold” and a consensus target price of $105.67.
TRADEMARK VIOLATION WARNING: This piece was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/2957616/ameritas-investment-partners-inc-has-2-41-million-holdings-in-jack-henry-associates-inc-jkhy.html.
In related news, VP Mark S. Forbis sold 2,600 shares of Jack Henry & Associates stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $101.16, for a total value of $263,016.00. Following the transaction, the vice president now owns 1,696 shares in the company, valued at $171,567.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin D. Williams sold 20,000 shares of Jack Henry & Associates stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $101.63, for a total value of $2,032,600.00. Following the completion of the transaction, the insider now owns 43,314 shares in the company, valued at approximately $4,402,001.82. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by company insiders.
Shares of Jack Henry & Associates, Inc. (JKHY) traded up 0.16% during trading on Friday, hitting $105.35. The stock had a trading volume of 25,631 shares. The stock’s 50 day moving average is $102.46 and its 200-day moving average is $101.54. Jack Henry & Associates, Inc. has a 12-month low of $79.00 and a 12-month high of $109.67. The company has a market cap of $8.16 billion, a PE ratio of 33.55 and a beta of 0.75.
Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 15th. The technology company reported $0.83 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.83. The business had revenue of $383.77 million during the quarter, compared to the consensus estimate of $372.98 million. Jack Henry & Associates had a return on equity of 24.65% and a net margin of 17.17%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 earnings per share. Analysts forecast that Jack Henry & Associates, Inc. will post $3.28 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Friday, September 8th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Thursday, September 7th. Jack Henry & Associates’s payout ratio is currently 39.49%.
Jack Henry & Associates Profile
Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).
Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHY).
Receive News & Ratings for Jack Henry & Associates Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates Inc. and related companies with MarketBeat.com's FREE daily email newsletter.