RMB Capital Management LLC boosted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 195.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 187,546 shares of the technology company’s stock after buying an additional 124,048 shares during the quarter. Jack Henry & Associates makes up about 0.6% of RMB Capital Management LLC’s holdings, making the stock its 18th biggest holding. RMB Capital Management LLC owned about 0.24% of Jack Henry & Associates worth $25,116,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Jack Henry & Associates by 40.0% in the 4th quarter. Geode Capital Management LLC now owns 1,395,069 shares of the technology company’s stock worth $176,281,000 after purchasing an additional 398,777 shares in the last quarter. Comerica Bank raised its holdings in Jack Henry & Associates by 82.7% in the 1st quarter. Comerica Bank now owns 27,636 shares of the technology company’s stock worth $3,926,000 after purchasing an additional 12,512 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Jack Henry & Associates by 12.8% in the 1st quarter. Victory Capital Management Inc. now owns 36,575 shares of the technology company’s stock worth $5,074,000 after purchasing an additional 4,140 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Jack Henry & Associates by 0.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 106,725 shares of the technology company’s stock worth $14,807,000 after purchasing an additional 510 shares in the last quarter. Finally, Cetera Advisors LLC bought a new position in Jack Henry & Associates in the 1st quarter worth $210,000. Institutional investors own 90.86% of the company’s stock.
Several research analysts have commented on JKHY shares. Atlantic Securities started coverage on shares of Jack Henry & Associates in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $147.00 price objective for the company. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Thursday. Finally, BidaskClub lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Jack Henry & Associates currently has a consensus rating of “Buy” and an average target price of $151.50.
Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, August 20th. The technology company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.02. The firm had revenue of $393.50 million for the quarter, compared to the consensus estimate of $390.70 million. Jack Henry & Associates had a net margin of 17.51% and a return on equity of 19.37%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. As a group, analysts predict that Jack Henry & Associates, Inc. will post 3.66 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 9th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is presently 45.45%.
In other news, Director Matthew C. Flanigan sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $137.70, for a total value of $688,500.00. Following the sale, the director now directly owns 49,226 shares of the company’s stock, valued at approximately $6,778,420.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wesley A. Brown sold 3,320 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $137.35, for a total transaction of $456,002.00. Following the completion of the sale, the director now directly owns 90,931 shares in the company, valued at $12,489,372.85. The disclosure for this sale can be found here. Insiders sold a total of 8,821 shares of company stock worth $1,213,430 over the last ninety days. Insiders own 0.84% 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.
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