Today, JPMorgan Chase & Co. Reduced the position of Jack Henry & Associates Inc. (JKHY)

Today, JPMorgan Chase & Co. Reduced the position of Jack Henry & Associates Inc. (JKHY)

JPMorgan Chase & Co. lowered its position in shares of Jack Henry & Associates Inc. (NASDAQ:JKHY) by 1.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,600,843 shares of the company’s stock after selling 35,592 shares during the period. JPMorgan Chase & Co.’s holdings in Jack Henry & Associates were worth $308,052,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. raised its stake in Jack Henry & Associates by 41.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 858,656 shares of the company’s stock worth $74,934,000 after buying an additional 253,068 shares during the period. Dividend Assets Capital LLC raised its position in shares of Jack Henry & Associates by 0.4% in the second quarter. Dividend Assets Capital LLC now owns 458,210 shares of the company’s stock valued at $39,988,000 after buying an additional 2,046 shares during the last quarter. Congress Asset Management Co. MA raised its position in shares of Jack Henry & Associates by 11.3% in the second quarter. Congress Asset Management Co. MA now owns 504,783 shares of the company’s stock valued at $44,052,000 after buying an additional 51,228 shares during the last quarter. UMB Bank N A MO raised its position in shares of Jack Henry & Associates by 0.9% in the second quarter. UMB Bank N A MO now owns 17,821 shares of the company’s stock valued at $1,555,000 after buying an additional 159 shares during the last quarter. Finally, Hermes Investment Management Ltd. raised its position in shares of Jack Henry & Associates by 16.4% in the second quarter. Hermes Investment Management Ltd. now owns 328,387 shares of the company’s stock valued at $28,658,000 after buying an additional 46,229 shares during the last quarter. 87.85% of the stock is owned by institutional investors and hedge funds.

Shares of Jack Henry & Associates Inc. (NASDAQ:JKHY) opened at 88.60 on Tuesday. The stock has a 50 day moving average price of $83.36 and a 200 day moving average price of $85.58. Jack Henry & Associates Inc. has a 52 week low of $73.19 and a 52 week high of $89.89. The firm has a market capitalization of $6.92 billion, a PE ratio of 27.07 and a beta of 0.65.

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

The business 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 dividend of $0.28 per share. 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 dividend payout ratio is currently 34.25%.

Several research firms have recently commented on JKHY. Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Wednesday, November 9th. Stephens set a $90.00 price target on Jack Henry & Associates and gave the stock a “hold” rating in a research report on Wednesday, November 9th. Citigroup Inc. lowered Jack Henry & Associates from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 24th. Finally, Oppenheimer Holdings Inc. lowered 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. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $89.33.

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

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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Today, JPMorgan Chase & Co. Reduced the position of Jack Henry & Associates Inc. (JKHY)

Today, JPMorgan Chase & Co. Reduced the position of Jack Henry & Associates Inc. (JKHY)

JPMorgan Chase & Co. lowered its position in shares of Jack Henry & Associates Inc. (NASDAQ:JKHY) by 1.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,600,843 shares of the company’s stock after selling 35,592 shares during the period. JPMorgan Chase & Co.’s holdings in Jack Henry & Associates were worth $308,052,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. raised its stake in Jack Henry & Associates by 41.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 858,656 shares of the company’s stock worth $74,934,000 after buying an additional 253,068 shares during the period. Dividend Assets Capital LLC raised its position in shares of Jack Henry & Associates by 0.4% in the second quarter. Dividend Assets Capital LLC now owns 458,210 shares of the company’s stock valued at $39,988,000 after buying an additional 2,046 shares during the last quarter. Congress Asset Management Co. MA raised its position in shares of Jack Henry & Associates by 11.3% in the second quarter. Congress Asset Management Co. MA now owns 504,783 shares of the company’s stock valued at $44,052,000 after buying an additional 51,228 shares during the last quarter. UMB Bank N A MO raised its position in shares of Jack Henry & Associates by 0.9% in the second quarter. UMB Bank N A MO now owns 17,821 shares of the company’s stock valued at $1,555,000 after buying an additional 159 shares during the last quarter. Finally, Hermes Investment Management Ltd. raised its position in shares of Jack Henry & Associates by 16.4% in the second quarter. Hermes Investment Management Ltd. now owns 328,387 shares of the company’s stock valued at $28,658,000 after buying an additional 46,229 shares during the last quarter. 87.85% of the stock is owned by institutional investors and hedge funds.

Shares of Jack Henry & Associates Inc. (NASDAQ:JKHY) opened at 88.60 on Tuesday. The stock has a 50 day moving average price of $83.36 and a 200 day moving average price of $85.58. Jack Henry & Associates Inc. has a 52 week low of $73.19 and a 52 week high of $89.89. The firm has a market capitalization of $6.92 billion, a PE ratio of 27.07 and a beta of 0.65.

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

The business 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 dividend of $0.28 per share. 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 dividend payout ratio is currently 34.25%.

Several research firms have recently commented on JKHY. Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Wednesday, November 9th. Stephens set a $90.00 price target on Jack Henry & Associates and gave the stock a “hold” rating in a research report on Wednesday, November 9th. Citigroup Inc. lowered Jack Henry & Associates from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 24th. Finally, Oppenheimer Holdings Inc. lowered 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. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $89.33.

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

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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