Wesbanco Bank Inc. boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) by 51.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,350 shares of the technology company’s stock after buying an additional 796 shares during the quarter. Wesbanco Bank Inc.’s holdings in Jack Henry & Associates were worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Jack Henry & Associates by 29.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,501 shares of the technology company’s stock worth $1,326,000 after buying an additional 1,718 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in Jack Henry & Associates by 4.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,198 shares of the technology company’s stock worth $31,589,000 after acquiring an additional 7,523 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Jack Henry & Associates by 1.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,634 shares of the technology company’s stock worth $1,514,000 after acquiring an additional 136 shares during the last quarter. Empowered Funds LLC increased its stake in Jack Henry & Associates by 36.2% in the 4th quarter. Empowered Funds LLC now owns 6,600 shares of the technology company’s stock worth $1,157,000 after purchasing an additional 1,755 shares during the period. Finally, WCM Investment Management LLC lifted its position in Jack Henry & Associates by 88.9% in the fourth quarter. WCM Investment Management LLC now owns 3,445 shares of the technology company’s stock valued at $603,000 after purchasing an additional 1,621 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.
Jack Henry & Associates Trading Down 0.3%
Shares of JKHY opened at $179.51 on Wednesday. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average price is $176.16 and its 200-day moving average price is $175.50. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 3.36 and a beta of 0.73.
Jack Henry & Associates Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.29%. Jack Henry & Associates’s dividend payout ratio is presently 39.52%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. UBS Group cut their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Keefe, Bruyette & Woods dropped their price target on shares of Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating for the company in a research report on Thursday, May 8th. Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, Wall Street Zen upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus target price of $184.10.
View Our Latest Analysis on JKHY
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.
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