Ballentine Partners LLC Makes New Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Ballentine Partners LLC acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,149 shares of the technology company’s stock, valued at approximately $201,000.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings 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 buying an additional 131,515 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at $618,000. Nordea Investment Management AB raised its holdings in shares of Jack Henry & Associates by 50.8% during the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after purchasing an additional 263,021 shares during the last quarter. XTX Topco Ltd lifted its position in Jack Henry & Associates by 137.3% during the third quarter. XTX Topco Ltd now owns 7,761 shares of the technology company’s stock valued at $1,370,000 after purchasing an additional 4,491 shares during the period. Finally, Pensionfund Sabic purchased a new stake in Jack Henry & Associates in the fourth quarter valued at $1,315,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now directly owns 138,665 shares in the company, valued at $23,756,087.80. The trade was a 11.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

JKHY has been the subject of a number of recent research reports. Robert W. Baird lifted their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada boosted their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. UBS Group upped their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Oppenheimer initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price for the company. Finally, StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and an average price target of $186.80.

Read Our Latest Stock Report on JKHY

Jack Henry & Associates Stock Down 0.1 %

Shares of NASDAQ JKHY opened at $173.88 on Friday. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $189.63. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The company’s 50-day simple moving average is $174.49 and its 200-day simple moving average is $174.30. The firm has a market cap of $12.69 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 3.27 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. The company had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. Jack Henry & Associates’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 EPS. Equities analysts predict that Jack Henry & Associates, Inc. will post 5.81 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 annualized dividend and a yield of 1.27%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

About Jack Henry & Associates

(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.

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

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