Curated Wealth Partners LLC purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,324 shares of the technology company’s stock, valued at approximately $232,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JKHY. Fortitude Family Office LLC boosted its stake in shares of Jack Henry & Associates by 647.4% during the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after acquiring an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Jack Henry & Associates in the third quarter valued at approximately $26,000. ORG Partners LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at approximately $35,000. Catalyst Capital Advisors LLC acquired a new position in shares of Jack Henry & Associates during the 3rd quarter worth approximately $48,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Jack Henry & Associates during the 3rd quarter valued at approximately $54,000. Institutional investors and hedge funds own 98.75% of the company’s stock.
Insiders Place Their Bets
In other news, insider David B. Foss sold 18,770 shares of the company’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 transaction, the insider now owns 138,665 shares of the company’s stock, valued at $23,756,087.80. This represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.37% of the stock is owned by insiders.
Jack Henry & Associates Stock Down 0.1 %
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last issued its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The company had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. During the same period in the previous year, the firm earned $1.39 earnings per share. Jack Henry & Associates’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.81 EPS for the current year.
Jack Henry & Associates Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were given a $0.55 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.20 annualized dividend and a yield of 1.27%. Jack Henry & Associates’s payout ratio is 40.29%.
Analysts Set New Price Targets
A number of research firms have weighed in on JKHY. Keefe, Bruyette & Woods upped their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the stock 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 company a “neutral” rating in a research report on Thursday, November 7th. Finally, StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $186.80.
Read Our Latest Research Report on JKHY
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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