J.P. Morgan Private Wealth Advisors LLC Sells 495 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

J.P. Morgan Private Wealth Advisors LLC cut its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) by 6.4% in the 3rd quarter, Holdings Channel reports. The fund owned 7,191 shares of the technology company’s stock after selling 495 shares during the quarter. J.P. Morgan Private Wealth Advisors LLC’s holdings in Jack Henry & Associates were worth $1,087,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JKHY. Morgan Stanley lifted its stake in Jack Henry & Associates by 117.1% in the fourth quarter. Morgan Stanley now owns 1,709,702 shares of the technology company’s stock worth $300,155,000 after purchasing an additional 922,054 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Jack Henry & Associates by 24.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,640,497 shares of the technology company’s stock worth $548,696,000 after purchasing an additional 726,875 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Jack Henry & Associates by 861.8% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 547,553 shares of the technology company’s stock worth $91,622,000 after purchasing an additional 490,623 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Jack Henry & Associates by 101.4% during the second quarter. Envestnet Asset Management Inc. now owns 861,287 shares of the technology company’s stock valued at $144,119,000 after acquiring an additional 433,545 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Jack Henry & Associates by 912.8% during the second quarter. Mackenzie Financial Corp now owns 362,795 shares of the technology company’s stock valued at $61,037,000 after acquiring an additional 326,974 shares during the last quarter. 92.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Stacey E. Zengel sold 326 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $165.10, for a total transaction of $53,822.60. Following the sale, the senior vice president now owns 5,410 shares in the company, valued at $893,191. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.58% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $175.71 on Tuesday. The stock has a market cap of $12.80 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 4.12 and a beta of 0.65. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37. The firm’s 50-day simple moving average is $166.25 and its two-hundred day simple moving average is $158.10.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. The business had revenue of $545.70 million for the quarter, compared to analysts’ expectations of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 earnings per share. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.12 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.25%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s dividend payout ratio is 40.70%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on JKHY shares. TheStreet raised shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Oppenheimer lowered their price objective on shares of Jack Henry & Associates from $180.00 to $168.00 and set an “outperform” rating for the company in a research note on Wednesday, October 18th. StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. Finally, Bank of America raised shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and increased their price target for the stock from $167.00 to $186.00 in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $170.92.

View Our Latest Research Report on Jack Henry & Associates

Jack Henry & Associates Company Profile

(Free Report)

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.

Further Reading

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:JKHYFree Report).

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.