Royce & Associates LP reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 443,557 shares of the technology company’s stock after selling 10,143 shares during the quarter. Royce & Associates LP’s holdings in Jack Henry & Associates were worth $51,878,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Cerebellum GP LLC bought a new position in Jack Henry & Associates during the 4th quarter worth $165,000. Advisory Services Network LLC grew its stake in Jack Henry & Associates by 1,238.8% during the 4th quarter. Advisory Services Network LLC now owns 1,620 shares of the technology company’s stock worth $189,000 after buying an additional 1,499 shares during the last quarter. Allegis Investment Advisors LLC bought a new position in Jack Henry & Associates during the 4th quarter worth $200,000. Koch Industries Inc. bought a new position in Jack Henry & Associates during the 2nd quarter worth $203,000. Finally, Boothbay Fund Management LLC bought a new position in Jack Henry & Associates during the 3rd quarter worth $206,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.
Jack Henry & Associates, Inc. (NASDAQ:JKHY) opened at $122.08 on Friday. Jack Henry & Associates, Inc. has a 52 week low of $91.01 and a 52 week high of $127.31. The stock has a market capitalization of $9,432.15, a price-to-earnings ratio of 27.56, a PEG ratio of 3.30 and a beta of 0.78. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Thursday, March 1st will be paid a $0.37 dividend. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.48 annualized dividend and a dividend yield of 1.21%. Jack Henry & Associates’s dividend payout ratio is presently 27.99%.
Several research firms have recently issued reports on JKHY. Zacks Investment Research raised Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research note on Wednesday, January 31st. Cantor Fitzgerald reissued a “buy” rating and issued a $128.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, February 6th. Robert W. Baird reissued a “hold” rating and issued a $114.00 price target on shares of Jack Henry & Associates in a research note on Friday, November 10th. DA Davidson began coverage on Jack Henry & Associates in a research note on Monday, January 22nd. They issued a “neutral” rating and a $118.00 price target for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $103.00 price target (up previously from $96.00) on shares of Jack Henry & Associates in a research note on Thursday, November 9th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $122.17.
In other news, Director Thomas Hampton Jr. Wilson acquired 1,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was acquired at an average price of $119.40 per share, for a total transaction of $119,400.00. Following the completion of the acquisition, the director now directly owns 18,866 shares in the company, valued at approximately $2,252,600.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.78% of the company’s stock.
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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).
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