Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by First Trust Advisors LP

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First Trust Advisors LP lifted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,012 shares of the technology company’s stock after purchasing an additional 6,890 shares during the quarter. First Trust Advisors LP’s holdings in Jack Henry & Associates were worth $11,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System increased its position in Jack Henry & Associates by 0.5% in the 4th quarter. Arizona State Retirement System now owns 14,447 shares of the technology company’s stock valued at $2,104,000 after acquiring an additional 69 shares during the period. Raymond James Trust N.A. increased its position in Jack Henry & Associates by 3.2% in the 4th quarter. Raymond James Trust N.A. now owns 2,329 shares of the technology company’s stock valued at $339,000 after acquiring an additional 72 shares during the period. CWM LLC increased its position in Jack Henry & Associates by 40.9% in the 3rd quarter. CWM LLC now owns 310 shares of the technology company’s stock valued at $45,000 after acquiring an additional 90 shares during the period. Lenox Wealth Management Inc. increased its position in Jack Henry & Associates by 10.6% in the 4th quarter. Lenox Wealth Management Inc. now owns 958 shares of the technology company’s stock valued at $140,000 after acquiring an additional 92 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in Jack Henry & Associates by 3.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 2,747 shares of the technology company’s stock valued at $400,000 after acquiring an additional 93 shares during the period. Institutional investors and hedge funds own 90.52% of the company’s stock.

Several research firms recently commented on JKHY. Royal Bank of Canada restated a “hold” rating and issued a $162.00 target price on shares of Jack Henry & Associates in a research report on Monday, January 20th. DA Davidson raised their target price on Jack Henry & Associates from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. They noted that the move was a valuation call. Evercore ISI cut Jack Henry & Associates from an “in-line” rating to an “underperform” rating in a research report on Wednesday, December 11th. BidaskClub upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Robert W. Baird raised their target price on Jack Henry & Associates from $152.00 to $156.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Jack Henry & Associates currently has a consensus rating of “Hold” and an average target price of $152.14.

Shares of NASDAQ JKHY opened at $172.08 on Friday. The stock has a fifty day moving average price of $152.14 and a two-hundred day moving average price of $146.66. The firm has a market cap of $12.96 billion, a P/E ratio of 46.16, a PEG ratio of 3.74 and a beta of 0.88. Jack Henry & Associates, Inc. has a 1 year low of $129.22 and a 1 year high of $172.18.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. The firm had revenue of $419.12 million during the quarter, compared to analyst estimates of $409.85 million. Jack Henry & Associates had a return on equity of 19.37% and a net margin of 17.27%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. On average, analysts predict that Jack Henry & Associates, Inc. will post 3.93 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.43 per share. This is a positive change 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%. The ex-dividend date is Friday, February 28th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 45.45%.

In other Jack Henry & Associates news, CFO Kevin D. Williams sold 9,453 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $167.35, for a total transaction of $1,581,959.55. Following the completion of the transaction, the chief financial officer now directly owns 26,100 shares of the company’s stock, valued at approximately $4,367,835. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Stacey E. Zengel sold 1,013 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $152.31, for a total value of $154,290.03. Following the sale, the vice president now directly owns 938 shares of the company’s stock, valued at $142,866.78. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

About Jack Henry & Associates

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

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