Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by First Republic Investment Management Inc.

0
32

First Republic Investment Management Inc. lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,868 shares of the technology company’s stock after selling 212 shares during the period. First Republic Investment Management Inc.’s holdings in Jack Henry & Associates were worth $652,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of JKHY. BlackRock Inc. boosted its holdings in Jack Henry & Associates by 5.0% in the first quarter. BlackRock Inc. now owns 7,651,002 shares of the technology company’s stock valued at $1,061,499,000 after purchasing an additional 361,689 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Jack Henry & Associates by 0.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,747,149 shares of the technology company’s stock worth $242,402,000 after acquiring an additional 13,161 shares during the period. Geode Capital Management LLC raised its position in shares of Jack Henry & Associates by 40.0% in the fourth quarter. Geode Capital Management LLC now owns 1,395,069 shares of the technology company’s stock worth $176,281,000 after acquiring an additional 398,777 shares during the period. Wells Fargo & Company MN raised its position in shares of Jack Henry & Associates by 2.2% in the second quarter. Wells Fargo & Company MN now owns 1,286,084 shares of the technology company’s stock worth $172,233,000 after acquiring an additional 28,239 shares during the period. Finally, Northern Trust Corp raised its position in shares of Jack Henry & Associates by 2.4% in the first quarter. Northern Trust Corp now owns 932,154 shares of the technology company’s stock worth $129,327,000 after acquiring an additional 21,605 shares during the period. 90.86% of the stock is owned by institutional investors.

A number of research analysts have weighed in on JKHY shares. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Thursday. Atlantic Securities initiated coverage on shares of Jack Henry & Associates in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $147.00 price target for the company. Finally, BidaskClub downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $151.50.

In other Jack Henry & Associates news, Director Matthew C. Flanigan sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $137.70, for a total transaction of $688,500.00. Following the transaction, the director now directly owns 49,226 shares of the company’s stock, valued at approximately $6,778,420.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark S. Forbis sold 501 shares of Jack Henry & Associates stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $137.58, for a total transaction of $68,927.58. Following the completion of the sale, the insider now directly owns 797 shares in the company, valued at approximately $109,651.26. The disclosure for this sale can be found here. Insiders sold a total of 8,821 shares of company stock worth $1,213,430 over the last 90 days. Company insiders own 0.84% of the company’s stock.

Shares of Jack Henry & Associates stock traded up $0.28 during mid-day trading on Thursday, hitting $145.30. The stock had a trading volume of 8,619 shares, compared to its average volume of 433,627. The firm has a market cap of $10.97 billion, a P/E ratio of 41.28, a price-to-earnings-growth ratio of 3.51 and a beta of 0.92. The firm has a 50-day moving average of $141.53 and a two-hundred day moving average of $138.51. Jack Henry & Associates, Inc. has a 12-month low of $120.20 and a 12-month high of $163.68.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, August 20th. The technology company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.02. Jack Henry & Associates had a net margin of 17.51% and a return on equity of 19.37%. The firm had revenue of $393.50 million during the quarter, compared to analysts’ expectations of $390.70 million. During the same quarter last year, the company posted $1.10 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 3.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 9th will be issued a $0.40 dividend. The ex-dividend date is Friday, September 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. Jack Henry & Associates’s payout ratio is 45.45%.

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.

See Also: What is a balanced fund?

Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

Receive News & Ratings for Jack Henry & Associates Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Jack Henry & Associates and related companies with MarketBeat.com’s FREE daily email newsletter.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here