Bath Savings Trust Co cut its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 26,081 shares of the technology company’s stock after selling 914 shares during the period. Bath Savings Trust Co’s holdings in Jack Henry & Associates were worth $4,572,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canandaigua National Trust Co of Florida acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $297,000. Pensionfund Sabic acquired a new stake in Jack Henry & Associates during the 4th quarter worth approximately $1,315,000. Nordea Investment Management AB lifted its stake in Jack Henry & Associates by 50.8% in the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after buying an additional 263,021 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of Jack Henry & Associates in the fourth quarter valued at approximately $291,000. Finally, GAMMA Investing LLC increased its position in shares of Jack Henry & Associates by 38.4% during the fourth quarter. GAMMA Investing LLC now owns 2,332 shares of the technology company’s stock worth $409,000 after acquiring an additional 647 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.
Insider Activity
In related news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now directly owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.37% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on JKHY
Jack Henry & Associates Stock Up 1.2 %
Shares of NASDAQ:JKHY traded up $2.08 during midday trading on Tuesday, hitting $171.71. The stock had a trading volume of 227,868 shares, compared to its average volume of 382,767. The company has a market cap of $12.53 billion, a P/E ratio of 31.45, a PEG ratio of 3.39 and a beta of 0.61. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The business’s 50-day simple moving average is $176.34 and its 200-day simple moving average is $173.56. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. On average, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.
Jack Henry & Associates Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were paid a $0.55 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.20 annualized dividend and a yield of 1.28%. Jack Henry & Associates’s dividend payout ratio is 40.29%.
Jack Henry & Associates Profile
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.
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