Citizens Financial Group Inc RI Purchases 272 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Citizens Financial Group Inc RI boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 118.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 502 shares of the technology company’s stock after acquiring an additional 272 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Jack Henry & Associates were worth $78,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JKHY. Norges Bank bought a new position in Jack Henry & Associates in the fourth quarter valued at $102,551,000. Victory Capital Management Inc. increased its stake in Jack Henry & Associates by 394.5% in the first quarter. Victory Capital Management Inc. now owns 462,399 shares of the technology company’s stock valued at $71,783,000 after acquiring an additional 368,890 shares during the last quarter. Rathbone Brothers plc bought a new position in Jack Henry & Associates in the first quarter valued at $31,979,000. Thrivent Financial for Lutherans increased its stake in Jack Henry & Associates by 5,804.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 205,308 shares of the technology company’s stock valued at $29,907,000 after acquiring an additional 201,831 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Jack Henry & Associates by 2,830.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 208,510 shares of the technology company’s stock valued at $32,371,000 after acquiring an additional 201,395 shares during the last quarter. 88.80% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ JKHY opened at $186.92 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market capitalization of $14.21 billion, a PE ratio of 48.18, a PEG ratio of 3.82 and a beta of 0.59. Jack Henry & Associates, Inc. has a 1 year low of $123.64 and a 1 year high of $195.03. The business’s 50-day moving average is $169.90 and its 200 day moving average is $156.71.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Monday, May 4th. The technology company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.16. The company had revenue of $429.41 million for the quarter, compared to analysts’ expectations of $408.79 million. Jack Henry & Associates had a return on equity of 20.07% and a net margin of 17.64%. Jack Henry & Associates’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share. As a group, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 4.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 28th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $1.72 annualized dividend and a dividend yield of 0.92%. Jack Henry & Associates’s payout ratio is presently 48.86%.

In related news, VP Steven W. Tomson sold 3,698 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $175.17, for a total value of $647,778.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.85% of the stock is owned by company insiders.

JKHY has been the topic of a number of research analyst reports. Wells Fargo & Co cut Jack Henry & Associates from an “overweight” rating to an “equal weight” rating in a research note on Sunday, April 19th. Oppenheimer reaffirmed a “hold” rating on shares of Jack Henry & Associates in a research note on Tuesday, May 5th. BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research raised Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $193.00 price objective on the stock in a research note on Friday, May 8th. Finally, Robert W. Baird raised their price objective on Jack Henry & Associates from $164.00 to $176.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $169.14.

About Jack Henry & Associates

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.

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

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