Jack Henry & Associates, Inc. (JKHY) Holdings Boosted by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,254 shares of the technology company’s stock after purchasing an additional 281 shares during the period. Wedge Capital Management L L P NC’s holdings in Jack Henry & Associates were worth $729,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. SignalPoint Asset Management LLC increased its position in Jack Henry & Associates by 1.4% during the 1st quarter. SignalPoint Asset Management LLC now owns 6,285 shares of the technology company’s stock worth $872,000 after purchasing an additional 85 shares during the period. Utah Retirement Systems increased its position in Jack Henry & Associates by 0.7% during the 4th quarter. Utah Retirement Systems now owns 14,400 shares of the technology company’s stock worth $1,822,000 after purchasing an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Jack Henry & Associates by 0.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,103 shares of the technology company’s stock worth $1,818,000 after purchasing an additional 102 shares during the period. Eaton Vance Management increased its position in Jack Henry & Associates by 1.6% during the 4th quarter. Eaton Vance Management now owns 6,579 shares of the technology company’s stock worth $832,000 after purchasing an additional 104 shares during the period. Finally, Hollencrest Capital Management increased its position in Jack Henry & Associates by 2.6% during the 1st quarter. Hollencrest Capital Management now owns 4,247 shares of the technology company’s stock worth $590,000 after purchasing an additional 108 shares during the period. Institutional investors own 88.71% of the company’s stock.

A number of equities research analysts recently weighed in on JKHY shares. Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Wells Fargo & Co upgraded Jack Henry & Associates from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $160.00 to $155.00 in a report on Thursday, February 7th. Raymond James started coverage on Jack Henry & Associates in a report on Wednesday, February 20th. They issued a “market perform” rating on the stock. Cantor Fitzgerald restated a “buy” rating and issued a $163.00 price target on shares of Jack Henry & Associates in a report on Tuesday, February 5th. Finally, BidaskClub cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Jack Henry & Associates presently has an average rating of “Buy” and an average target price of $150.40.

JKHY opened at $135.21 on Wednesday. The company has a market capitalization of $10.26 billion, a P/E ratio of 34.71, a PEG ratio of 3.45 and a beta of 0.89. Jack Henry & Associates, Inc. has a 1-year low of $119.30 and a 1-year high of $163.68.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. The business had revenue of $380.36 million for the quarter, compared to analysts’ expectations of $382.45 million. Jack Henry & Associates had a return on equity of 21.72% and a net margin of 18.79%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. Analysts expect that Jack Henry & Associates, Inc. will post 3.5 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 23rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, May 22nd. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 44.57%.

In other Jack Henry & Associates news, VP Russell L. Bernthal sold 910 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $137.56, for a total transaction of $125,179.60. Following the sale, the vice president now owns 4,831 shares in the company, valued at approximately $664,552.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Stacey E. Zengel sold 4,388 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $133.50, for a total value of $585,798.00. Following the sale, the vice president now owns 4,453 shares in the company, valued at approximately $594,475.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,623 shares of company stock worth $1,945,586. 0.84% of the stock is owned by insiders.

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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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