Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC lifted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,728 shares of the technology company’s stock after buying an additional 144 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Jack Henry & Associates were worth $1,627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of JKHY. Flagship Harbor Advisors LLC purchased a new stake in Jack Henry & Associates during the first quarter valued at approximately $25,000. Cutler Group LP purchased a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $25,000. Sun Life Financial INC purchased a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $27,000. Executive Wealth Management LLC purchased a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $27,000. Finally, Guardian Life Insurance Co. of America purchased a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

JKHY stock traded down $1.24 during trading on Wednesday, hitting $134.41. 298,083 shares of the company’s stock traded hands, compared to its average volume of 447,080. The firm has a fifty day simple moving average of $135.00. The firm has a market capitalization of $10.57 billion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 3.56 and a beta of 0.96. Jack Henry & Associates, Inc. has a 52 week low of $120.20 and a 52 week high of $163.68.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, April 30th. The technology company reported $0.77 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. The firm had revenue of $380.36 million during the quarter, compared to analyst estimates of $382.45 million. Jack Henry & Associates had a net margin of 18.79% and a return on equity of 21.72%. The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business earned $0.89 EPS. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 3.5 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Thursday, May 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, May 22nd. Jack Henry & Associates’s dividend payout ratio is presently 44.57%.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. BidaskClub cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods assumed coverage on shares of Jack Henry & Associates in a research note on Monday, April 8th. They issued a “market perform” rating and a $145.00 price objective for the company. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $159.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $150.40.

In related news, Director Wesley A. Brown sold 3,320 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $137.35, for a total value of $456,002.00. Following the transaction, the director now owns 90,931 shares of the company’s stock, valued at approximately $12,489,372.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Wesley A. Brown sold 400 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $134.98, for a total transaction of $53,992.00. Following the completion of the transaction, the director now directly owns 85,965 shares in the company, valued at approximately $11,603,555.70. The disclosure for this sale can be found here. Insiders sold a total of 9,221 shares of company stock worth $1,267,422 in the last ninety days. 0.84% of the stock is currently owned by insiders.

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.

See Also: Dividend

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.



Leave a Reply