Stifel Financial Corp Grows Position in Jack Henry & Associates, Inc. (JKHY)

Stifel Financial Corp increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 12.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,616 shares of the technology company’s stock after acquiring an additional 6,990 shares during the period. Stifel Financial Corp’s holdings in Jack Henry & Associates were worth $7,436,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Jack Henry & Associates by 1.7% during the 1st quarter. BlackRock Inc. now owns 8,863,933 shares of the technology company’s stock valued at $1,072,093,000 after buying an additional 150,882 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Jack Henry & Associates by 3.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,868,124 shares of the technology company’s stock valued at $225,952,000 after buying an additional 69,778 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Jack Henry & Associates by 0.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,166,434 shares of the technology company’s stock valued at $136,426,000 after buying an additional 9,507 shares during the last quarter. Geode Capital Management LLC grew its holdings in Jack Henry & Associates by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 840,263 shares of the technology company’s stock valued at $98,230,000 after buying an additional 18,362 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Jack Henry & Associates by 1.3% during the 1st quarter. Swiss National Bank now owns 638,200 shares of the technology company’s stock valued at $77,190,000 after buying an additional 7,900 shares during the last quarter. Institutional investors and hedge funds own 87.67% of the company’s stock.

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Shares of Jack Henry & Associates stock opened at $129.05 on Tuesday. Jack Henry & Associates, Inc. has a fifty-two week low of $98.16 and a fifty-two week high of $130.00. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 41.10, a price-to-earnings-growth ratio of 3.37 and a beta of 0.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.25.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 1st. The technology company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. Jack Henry & Associates had a return on equity of 23.12% and a net margin of 23.69%. The company had revenue of $384.70 million for the quarter, compared to analyst estimates of $376.41 million. During the same quarter in the prior year, the company posted $0.77 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. analysts expect that Jack Henry & Associates, Inc. will post 3.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 7th. Shareholders of record on Wednesday, May 23rd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Tuesday, May 22nd. Jack Henry & Associates’s dividend payout ratio is presently 47.13%.

JKHY has been the topic of a number of analyst reports. Zacks Investment Research cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Wednesday, March 21st. BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Friday, April 6th. Cantor Fitzgerald reiterated a “buy” rating and set a $134.00 target price on shares of Jack Henry & Associates in a report on Tuesday, May 22nd. Finally, ValuEngine upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Jack Henry & Associates currently has an average rating of “Buy” and a consensus price target of $123.33.

In other Jack Henry & Associates news, insider Kevin D. Williams sold 20,000 shares of the stock in a transaction on Friday, June 1st. The stock was sold at an average price of $125.67, for a total transaction of $2,513,400.00. Following the transaction, the insider now owns 23,314 shares of the company’s stock, valued at approximately $2,929,870.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John F. Prim sold 7,900 shares of the stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $127.28, for a total value of $1,005,512.00. Following the transaction, the insider now directly owns 226,312 shares in the company, valued at approximately $28,804,991.36. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

Jack Henry & Associates Company 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.

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

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