Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) by 54.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,902 shares of the technology company’s stock after selling 8,151 shares during the period. AlphaCrest Capital Management LLC’s holdings in Jack Henry & Associates were worth $1,153,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in Jack Henry & Associates by 2.8% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,917,253 shares of the technology company’s stock worth $478,609,000 after buying an additional 79,592 shares during the period. Geode Capital Management LLC lifted its position in Jack Henry & Associates by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,535,552 shares of the technology company’s stock worth $251,385,000 after buying an additional 43,561 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in Jack Henry & Associates by 3.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 930,437 shares of the technology company’s stock worth $155,374,000 after buying an additional 34,677 shares during the period. Nordea Investment Management AB lifted its position in Jack Henry & Associates by 16.7% during the fourth quarter. Nordea Investment Management AB now owns 663,178 shares of the technology company’s stock worth $111,115,000 after buying an additional 94,680 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its position in Jack Henry & Associates by 3.3% during the third quarter. UBS Asset Management Americas Inc. now owns 568,170 shares of the technology company’s stock worth $93,214,000 after buying an additional 18,020 shares during the period. 89.58% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO David B. Foss sold 3,247 shares of the firm’s stock in a transaction dated Wednesday, March 23rd. The stock was sold at an average price of $188.08, for a total transaction of $610,695.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

Shares of NASDAQ:JKHY opened at $175.43 on Friday. The company has a market cap of $12.78 billion, a P/E ratio of 35.95, a PEG ratio of 4.12 and a beta of 0.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.25 and a current ratio of 1.47. Jack Henry & Associates, Inc. has a one year low of $147.50 and a one year high of $205.37. The business’s 50-day simple moving average is $191.26 and its 200 day simple moving average is $173.85.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last announced its earnings results on Tuesday, May 3rd. The technology company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.06 by $0.10. The business had revenue of $478.30 million for the quarter, compared to the consensus estimate of $475.52 million. Jack Henry & Associates had a return on equity of 27.04% and a net margin of 18.81%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the business posted $0.95 EPS. Analysts predict that Jack Henry & Associates, Inc. will post 4.83 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Tuesday, March 8th were issued a dividend of $0.49 per share. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Monday, March 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.16%.

Several equities analysts recently weighed in on JKHY shares. Royal Bank of Canada increased their target price on Jack Henry & Associates from $180.00 to $190.00 in a research report on Thursday, February 10th. Oppenheimer upgraded Jack Henry & Associates from a “market perform” rating to an “outperform” rating and set a $206.00 price objective on the stock in a report on Tuesday, March 1st. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Monday, May 9th. Finally, DA Davidson raised their price objective on Jack Henry & Associates from $188.00 to $204.00 in a report on Thursday, February 10th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $184.50.

About Jack Henry & Associates (Get Rating)

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset 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.

Further Reading

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

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