BlackRock Inc. Has $1.20 Billion Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

BlackRock Inc. lowered its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,331,197 shares of the technology company’s stock after selling 36,892 shares during the quarter. BlackRock Inc. owned 0.10% of Jack Henry & Associates worth $1,202,757,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV grew its holdings in shares of Jack Henry & Associates by 84.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 219 shares of the technology company’s stock worth $36,000 after purchasing an additional 100 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of Jack Henry & Associates by 35.0% during the 2nd quarter. Penserra Capital Management LLC now owns 247 shares of the technology company’s stock worth $40,000 after purchasing an additional 64 shares in the last quarter. Destiny Wealth Partners LLC acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter worth approximately $52,000. Koshinski Asset Management Inc. acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter worth approximately $64,000. Finally, PFG Private Wealth Management LLC acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter worth approximately $79,000. 89.17% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on JKHY. Stephens began coverage on Jack Henry & Associates in a report on Thursday, November 18th. They set an “equal weight” rating and a $165.00 price objective on the stock. Raymond James downgraded Jack Henry & Associates from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 15th. Credit Suisse Group raised their target price on Jack Henry & Associates from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 10th. Finally, UBS Group initiated coverage on Jack Henry & Associates in a research report on Wednesday, November 17th. They set a “neutral” rating and a $162.00 target price for the company. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and a consensus price target of $176.75.

Shares of JKHY opened at $168.94 on Friday. The stock has a fifty day moving average price of $161.24 and a two-hundred day moving average price of $167.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.14 and a current ratio of 1.14. Jack Henry & Associates, Inc. has a 52-week low of $141.65 and a 52-week high of $179.98. The company has a market cap of $12.51 billion, a price-to-earnings ratio of 39.20, a PEG ratio of 2.56 and a beta of 0.62.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Monday, November 8th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.06. Jack Henry & Associates had a return on equity of 23.13% and a net margin of 17.96%. The firm had revenue of $488.10 million during the quarter, compared to the consensus estimate of $489.98 million. During the same quarter in the previous year, the company posted $1.19 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 4.7 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 23rd. Stockholders of record on Friday, December 3rd were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, December 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.09%. Jack Henry & Associates’s payout ratio is currently 42.69%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc engages in the provision of technology solutions and payment processing services primarily for financial services organizations. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment focuses on 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 or member information.

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

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