Jack Henry & Associates, Inc. (JKHY) Holdings Maintained by Eaton Vance Management
Eaton Vance Management maintained its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,508 shares of the technology company’s stock at the end of the second quarter. Eaton Vance Management’s holdings in Jack Henry & Associates were worth $676,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Synovus Financial Corp lifted its position in shares of Jack Henry & Associates by 21.9% during the 2nd quarter. Synovus Financial Corp now owns 12,251 shares of the technology company’s stock valued at $1,277,000 after buying an additional 2,202 shares in the last quarter. BlackRock Inc. lifted its position in shares of Jack Henry & Associates by 11,657.7% during the 1st quarter. BlackRock Inc. now owns 6,171,400 shares of the technology company’s stock valued at $574,556,000 after buying an additional 6,118,912 shares in the last quarter. Moody Aldrich Partners LLC purchased a new position in shares of Jack Henry & Associates during the 2nd quarter valued at about $219,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in shares of Jack Henry & Associates during the 2nd quarter valued at about $3,302,000. Finally, Victory Capital Management Inc. lifted its position in shares of Jack Henry & Associates by 24.2% during the 2nd quarter. Victory Capital Management Inc. now owns 27,240 shares of the technology company’s stock valued at $2,829,000 after buying an additional 5,313 shares in the last quarter. 91.66% of the stock is currently owned by hedge funds and other institutional investors.
In other Jack Henry & Associates news, insider Kevin D. Williams sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $101.63, for a total value of $2,032,600.00. Following the sale, the insider now directly owns 43,314 shares of the company’s stock, valued at $4,402,001.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mark S. Forbis sold 2,600 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $101.16, for a total value of $263,016.00. Following the completion of the sale, the vice president now directly owns 1,696 shares in the company, valued at $171,567.36. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.
JKHY has been the topic of a number of analyst reports. Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Robert W. Baird reaffirmed a “hold” rating and set a $104.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, September 19th. Cantor Fitzgerald initiated coverage on Jack Henry & Associates in a research report on Monday, August 28th. They set an “overweight” rating and a $112.00 price objective on the stock. BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Stephens reaffirmed an “equal weight” rating and set a $97.00 price objective (up from $93.00) on shares of Jack Henry & Associates in a research report on Friday, August 18th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $107.50.
Jack Henry & Associates, Inc. (JKHY) opened at 102.26 on Monday. Jack Henry & Associates, Inc. has a 52-week low of $79.00 and a 52-week high of $109.67. The stock’s 50 day moving average price is $102.83 and its 200-day moving average price is $100.55. The stock has a market capitalization of $7.92 billion, a PE ratio of 32.57 and a beta of 0.75.
Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, August 15th. The technology company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The firm had revenue of $383.77 million for the quarter, compared to analyst estimates of $372.98 million. Jack Henry & Associates had a return on equity of 24.65% and a net margin of 17.17%. Jack Henry & Associates’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. On average, equities analysts expect that Jack Henry & Associates, Inc. will post $3.28 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.21%. The ex-dividend date is Thursday, September 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is 39.49%.
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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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