CENTRAL TRUST Co Has $1.52 Million Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

CENTRAL TRUST Co increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,648 shares of the technology company’s stock after purchasing an additional 456 shares during the period. CENTRAL TRUST Co’s holdings in Jack Henry & Associates were worth $1,516,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Copeland Capital Management LLC increased its stake in shares of Jack Henry & Associates by 13.9% in the fourth quarter. Copeland Capital Management LLC now owns 206,496 shares of the technology company’s stock valued at $36,199,000 after buying an additional 25,135 shares during the period. Spire Wealth Management bought a new stake in Jack Henry & Associates in the fourth quarter valued at approximately $79,000. Tritonpoint Wealth LLC increased its position in Jack Henry & Associates by 15.4% during the 4th quarter. Tritonpoint Wealth LLC now owns 1,420 shares of the technology company’s stock valued at $249,000 after purchasing an additional 190 shares during the period. Laurus Investment Counsel Inc. raised its holdings in Jack Henry & Associates by 23.0% during the 4th quarter. Laurus Investment Counsel Inc. now owns 87,189 shares of the technology company’s stock worth $15,284,000 after purchasing an additional 16,295 shares during the last quarter. Finally, Forsta AP Fonden lifted its position in shares of Jack Henry & Associates by 92.9% in the 4th quarter. Forsta AP Fonden now owns 21,800 shares of the technology company’s stock worth $3,822,000 after purchasing an additional 10,500 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on JKHY. Robert W. Baird increased their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods upped their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Stephens restated an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates Stock Up 0.4 %

JKHY stock opened at $174.78 on Tuesday. The firm has a market capitalization of $12.75 billion, a PE ratio of 32.01, a P/E/G ratio of 3.47 and a beta of 0.61. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63. The stock’s 50 day moving average is $174.78 and its 200-day moving average is $174.65.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The business had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. During the same period last year, the business earned $1.39 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.81 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Monday, December 2nd. Jack Henry & Associates’s payout ratio is currently 40.29%.

Insider Buying and Selling

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the transaction, the insider now owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is owned by corporate insiders.

Jack Henry & Associates Profile

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.