BKD Wealth Advisors LLC lifted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 174,292 shares of the technology company’s stock after acquiring an additional 2,413 shares during the quarter. Jack Henry & Associates accounts for 2.4% of BKD Wealth Advisors LLC’s portfolio, making the stock its 7th largest position. BKD Wealth Advisors LLC’s holdings in Jack Henry & Associates were worth $27,901,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new stake in shares of Jack Henry & Associates in the 2nd quarter worth about $108,000. Cornerstone Wealth Management LLC bought a new stake in Jack Henry & Associates during the 2nd quarter valued at about $114,000. Fort L.P. bought a new stake in Jack Henry & Associates during the 2nd quarter valued at about $122,000. Signaturefd LLC lifted its holdings in Jack Henry & Associates by 67.7% during the 2nd quarter. Signaturefd LLC now owns 946 shares of the technology company’s stock valued at $123,000 after buying an additional 382 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Jack Henry & Associates by 311.3% during the 2nd quarter. Bessemer Group Inc. now owns 1,090 shares of the technology company’s stock valued at $143,000 after buying an additional 825 shares in the last quarter. Hedge funds and other institutional investors own 88.04% of the company’s stock.
JKHY traded up $2.31 on Tuesday, reaching $156.63. 5,793 shares of the company traded hands, compared to its average volume of 366,535. Jack Henry & Associates, Inc. has a one year low of $104.06 and a one year high of $163.68. The firm has a market capitalization of $12.35 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 3.63 and a beta of 0.92.
Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 21st. The technology company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.15. The business had revenue of $417.20 million for the quarter, compared to the consensus estimate of $407.57 million. Jack Henry & Associates had a net margin of 24.51% and a return on equity of 23.72%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. Equities analysts predict that Jack Henry & Associates, Inc. will post 4.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Tuesday, September 11th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Monday, September 10th. Jack Henry & Associates’s dividend payout ratio (DPR) is 41.23%.
JKHY has been the subject of a number of research analyst reports. Wells Fargo & Co lifted their price objective on shares of Jack Henry & Associates from $110.00 to $160.00 and gave the company a “market perform” rating in a report on Thursday, August 23rd. BidaskClub upgraded shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Friday, August 10th. Cantor Fitzgerald reiterated a “buy” rating and set a $141.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, August 21st. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $158.00 price objective for the company in a report on Tuesday, August 14th. Finally, Robert W. Baird lifted their price objective on shares of Jack Henry & Associates from $128.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, July 16th. Seven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $137.29.
In other Jack Henry & Associates news, Director John F. Prim sold 6,329 shares of the firm’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $157.40, for a total transaction of $996,184.60. Following the transaction, the director now owns 206,318 shares of the company’s stock, valued at approximately $32,474,453.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.78% of the company’s stock.
Jack Henry & Associates Profile
Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar 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.
See Also: Stock Symbol
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: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.