Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 68.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,102 shares of the technology company’s stock after selling 15,721 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Jack Henry & Associates were worth $1,034,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. grew its position in Jack Henry & Associates by 3.2% during the 2nd quarter. BlackRock Inc. now owns 7,898,053 shares of the technology company’s stock worth $1,057,706,000 after purchasing an additional 247,051 shares during the period. State Street Corp grew its position in Jack Henry & Associates by 1.0% during the 3rd quarter. State Street Corp now owns 3,573,512 shares of the technology company’s stock worth $521,626,000 after purchasing an additional 33,864 shares during the period. Parnassus Investments CA grew its position in Jack Henry & Associates by 75.1% during the 3rd quarter. Parnassus Investments CA now owns 947,472 shares of the technology company’s stock worth $138,302,000 after purchasing an additional 406,463 shares during the period. California Public Employees Retirement System grew its position in Jack Henry & Associates by 12.6% during the 3rd quarter. California Public Employees Retirement System now owns 641,944 shares of the technology company’s stock worth $93,705,000 after purchasing an additional 72,062 shares during the period. Finally, TimesSquare Capital Management LLC grew its position in Jack Henry & Associates by 1.7% during the 3rd quarter. TimesSquare Capital Management LLC now owns 466,970 shares of the technology company’s stock worth $68,164,000 after purchasing an additional 7,620 shares during the period. 90.52% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on JKHY shares. Evercore ISI downgraded Jack Henry & Associates from an “in-line” rating to an “underperform” rating in a research report on Wednesday, December 11th. BidaskClub upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. ValuEngine cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, January 4th. Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Tuesday, January 7th. Finally, Robert W. Baird raised their target price on Jack Henry & Associates from $152.00 to $156.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $152.14.

In related news, CFO Kevin D. Williams sold 9,453 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $167.35, for a total value of $1,581,959.55. Following the transaction, the chief financial officer now directly owns 26,100 shares of the company’s stock, valued at approximately $4,367,835. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Stacey E. Zengel sold 1,013 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $152.31, for a total transaction of $154,290.03. Following the completion of the transaction, the vice president now directly owns 938 shares in the company, valued at $142,866.78. The disclosure for this sale can be found here. 0.85% of the stock is owned by company insiders.

NASDAQ:JKHY opened at $172.08 on Friday. Jack Henry & Associates, Inc. has a 52 week low of $129.22 and a 52 week high of $172.18. The stock has a market capitalization of $12.96 billion, a PE ratio of 47.02, a price-to-earnings-growth ratio of 3.74 and a beta of 0.88. The stock’s 50-day moving average price is $152.14 and its 200-day moving average price is $146.66.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 4th. The technology company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.05. Jack Henry & Associates had a return on equity of 19.37% and a net margin of 17.27%. The firm had revenue of $419.12 million for the quarter, compared to analysts’ expectations of $409.85 million. During the same period last year, the firm earned $0.88 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 3.93 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.00%. Jack Henry & Associates’s dividend payout ratio (DPR) is 45.45%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

Recommended Story: What is a stock split?

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:JKHY).

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.