Trade Report: Today, Jack Henry & Associates Inc. (JKHY) Stake Increased by Aperio Group LLC

Today, Jack Henry & Associates Inc. (JKHY) Stake Increased by Aperio Group LLC

Aperio Group LLC boosted its position in Jack Henry & Associates Inc. (NASDAQ:JKHY) by 19.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,862 shares of the company’s stock after buying an additional 10,689 shares during the period. Aperio Group LLC’s holdings in Jack Henry & Associates were worth $5,635,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Jack Henry & Associates by 1.5% in the second quarter. Vanguard Group Inc. now owns 6,567,352 shares of the company’s stock valued at $573,132,000 after buying an additional 98,783 shares during the last quarter. Janus Capital Management LLC raised its position in shares of Jack Henry & Associates by 3.5% in the second quarter. Janus Capital Management LLC now owns 3,641,127 shares of the company’s stock valued at $317,762,000 after buying an additional 124,664 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Jack Henry & Associates by 4.2% in the second quarter. BlackRock Fund Advisors now owns 2,872,161 shares of the company’s stock valued at $250,653,000 after buying an additional 116,209 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Jack Henry & Associates by 1.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,321,957 shares of the company’s stock valued at $202,637,000 after buying an additional 37,326 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Jack Henry & Associates by 1.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,860,046 shares of the company’s stock valued at $162,326,000 after buying an additional 23,841 shares during the last quarter. Institutional investors and hedge funds own 87.85% of the company’s stock.

Shares of Jack Henry & Associates Inc. (NASDAQ:JKHY) traded down 0.20% during trading on Monday, hitting $88.60. 449,622 shares of the company traded hands. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 27.07 and a beta of 0.65. The firm has a 50 day moving average price of $83.21 and a 200-day moving average price of $85.53. Jack Henry & Associates Inc. has a one year low of $73.19 and a one year high of $89.89.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.09. The firm had revenue of $345 million for the quarter, compared to the consensus estimate of $335.65 million. Jack Henry & Associates had a net margin of 18.85% and a return on equity of 27.13%. Jack Henry & Associates’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $0.64 EPS. Analysts predict that Jack Henry & Associates Inc. will post $3.10 EPS for the current year.

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

Several brokerages have issued reports on JKHY. Zacks Investment Research raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Wednesday, November 9th. Stephens set a $90.00 price target on shares of Jack Henry & Associates and gave the company a “hold” rating in a report on Wednesday, November 9th. Citigroup Inc. downgraded shares of Jack Henry & Associates from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 24th. Finally, Oppenheimer Holdings Inc. downgraded shares of Jack Henry & Associates from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 24th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Jack Henry & Associates currently has an average rating of “Hold” and an average target price of $89.33.

In related news, insider Kevin D. Williams sold 31,802 shares of Jack Henry & Associates stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $86.14, for a total value of $2,739,424.28. Following the sale, the insider now directly owns 55,274 shares in the company, valued at approximately $4,761,302.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Mark S. Forbis sold 3,000 shares of Jack Henry & Associates stock in a transaction dated 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 in the company, valued at $167,948. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate 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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