Aviva PLC trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,950 shares of the technology company's stock after selling 40,406 shares during the period. Aviva PLC owned about 0.27% of Jack Henry & Associates worth $34,525,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Jack Henry & Associates by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after purchasing an additional 131,515 shares during the last quarter. Enterprise Financial Services Corp acquired a new position in Jack Henry & Associates in the fourth quarter worth approximately $900,000. Andra AP fonden raised its position in Jack Henry & Associates by 10.7% during the fourth quarter. Andra AP fonden now owns 29,900 shares of the technology company's stock valued at $5,241,000 after acquiring an additional 2,900 shares in the last quarter. Nordea Investment Management AB lifted its stake in Jack Henry & Associates by 50.8% in the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock valued at $136,720,000 after acquiring an additional 263,021 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY grew its position in Jack Henry & Associates by 21.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company's stock worth $21,348,000 after acquiring an additional 21,466 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.
Wall Street Analyst Weigh In
JKHY has been the topic of a number of recent research reports. Northcoast Research downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a report on Wednesday, April 2nd. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company began coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates presently has an average rating of "Hold" and a consensus target price of $186.45.
View Our Latest Stock Analysis on JKHY
Jack Henry & Associates Stock Performance
Shares of JKHY traded up $2.10 during mid-day trading on Friday, hitting $172.24. The company's stock had a trading volume of 164,476 shares, compared to its average volume of 531,782. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00. The stock's 50-day moving average is $174.60 and its two-hundred day moving average is $176.24. The firm has a market capitalization of $12.56 billion, a PE ratio of 31.09, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.
Jack Henry & Associates Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were issued a $0.58 dividend. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.35%. Jack Henry & Associates's dividend payout ratio is 41.88%.
Jack Henry & Associates Company Profile
(
Free Report)
Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.
Further Reading
Before you consider Jack Henry & Associates, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jack Henry & Associates wasn't on the list.
While Jack Henry & Associates currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
