Today: Today, Nordea Investment Management AB Reached $1,133,000 position of Jack Henry & Associates Inc. (JKHY)

Today, Nordea Investment Management AB Reached $1,133,000 position  of Jack Henry & Associates Inc. (JKHY)

Nordea Investment Management AB boosted its stake in shares of Jack Henry & Associates Inc. (NASDAQ:JKHY) by 72.5% during the third quarter, Holdings Channel reports. The firm owned 13,241 shares of the company’s stock after buying an additional 5,563 shares during the period. Nordea Investment Management AB’s holdings in Jack Henry & Associates were worth $1,133,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of Jack Henry & Associates by 2.0% in the third quarter. Wells Fargo & Company MN now owns 1,768,615 shares of the company’s stock valued at $151,304,000 after buying an additional 34,854 shares during the period. Donald L. Hagan LLC increased its stake in Jack Henry & Associates by 9.2% in the third quarter. Donald L. Hagan LLC now owns 9,862 shares of the company’s stock worth $844,000 after buying an additional 831 shares during the period. Synovus Financial Corp bought a new stake in Jack Henry & Associates during the third quarter worth approximately $610,000. World Asset Management Inc increased its stake in Jack Henry & Associates by 33.0% in the third quarter. World Asset Management Inc now owns 5,124 shares of the company’s stock worth $438,000 after buying an additional 1,272 shares during the period. Finally, First Citizens Bank & Trust Co. increased its stake in Jack Henry & Associates by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 5,425 shares of the company’s stock worth $464,000 after buying an additional 73 shares during the period. 87.80% of the stock is owned by institutional investors.

Shares of Jack Henry & Associates Inc. (NASDAQ:JKHY) traded down 0.16% during midday trading on Friday, hitting $88.78. 217,623 shares of the stock were exchanged. Jack Henry & Associates Inc. has a 12 month low of $73.19 and a 12 month high of $89.89. The firm’s 50-day moving average is $83.21 and its 200-day moving average is $85.53. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of 27.12 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.09. Jack Henry & Associates had a net margin of 18.85% and a return on equity of 27.13%. The firm earned $345 million during the quarter, compared to analysts’ expectations of $335.65 million. During the same quarter in the prior year, the company earned $0.64 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that Jack Henry & Associates Inc. will post $3.10 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Thursday, December 1st will be given a $0.28 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $1.12 annualized dividend and a dividend yield of 1.26%. Jack Henry & Associates’s payout ratio is presently 34.25%.

JKHY has been the subject of a number of research analyst reports. Oppenheimer Holdings Inc. downgraded shares of Jack Henry & Associates from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 24th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Jack Henry & Associates from a “hold” rating to a “sell” rating in a research report on Tuesday, October 11th. Citigroup Inc. downgraded shares of Jack Henry & Associates from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 24th. Finally, Stephens set a $90.00 target price on shares of Jack Henry & Associates and gave the stock a “hold” rating in a research report on Wednesday, November 9th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Jack Henry & Associates presently has an average rating of “Hold” and an average target price of $89.33.

In related news, VP Mark S. Forbis sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $86.75, for a total transaction of $260,250.00. Following the completion of the sale, the vice president now owns 1,936 shares of the company’s stock, valued at $167,948. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kevin D. Williams sold 31,802 shares of the stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $86.14, for a total transaction of $2,739,424.28. Following the sale, the insider now directly owns 55,274 shares of the company’s stock, valued at approximately $4,761,302.36. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).

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