Wedmont Private Capital Purchases 83 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Wedmont Private Capital grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) by 7.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,239 shares of the technology company’s stock after buying an additional 83 shares during the period. Wedmont Private Capital’s holdings in Jack Henry & Associates were worth $213,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of JKHY. American Century Companies Inc. raised its stake in Jack Henry & Associates by 10.2% during the 2nd quarter. American Century Companies Inc. now owns 22,554 shares of the technology company’s stock worth $3,744,000 after buying an additional 2,079 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Jack Henry & Associates by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 515,586 shares of the technology company’s stock worth $85,602,000 after buying an additional 30,359 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Jack Henry & Associates by 18.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,455 shares of the technology company’s stock valued at $1,069,000 after acquiring an additional 1,026 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Jack Henry & Associates by 1.3% during the 2nd quarter. Blair William & Co. IL now owns 11,176 shares of the technology company’s stock worth $1,855,000 after purchasing an additional 138 shares during the period. Finally, XTX Topco Ltd boosted its holdings in shares of Jack Henry & Associates by 6.9% in the 2nd quarter. XTX Topco Ltd now owns 3,270 shares of the technology company’s stock worth $543,000 after buying an additional 210 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Insider Buying and Selling

In other news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the transaction, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is currently owned by company insiders.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $173.16 on Friday. The company has a market capitalization of $12.63 billion, a P/E ratio of 31.71, a PEG ratio of 3.24 and a beta of 0.61. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a 50 day moving average price of $174.60 and a two-hundred day moving average price of $173.87.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last announced its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same quarter in the prior year, the company earned $1.39 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts expect that Jack Henry & Associates, Inc. will post 5.81 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. Jack Henry & Associates’s payout ratio is 40.29%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on JKHY shares. Stephens reissued an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Robert W. Baird boosted their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. UBS Group raised their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a report on Tuesday. They set an “underweight” rating and a $155.00 target price on the stock. Finally, StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $185.91.

Read Our Latest Research Report on Jack Henry & Associates

About Jack Henry & Associates

(Free Report)

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.

Recommended Stories

Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report).

Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.