Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by CENTRAL TRUST Co

CENTRAL TRUST Co grew its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,648 shares of the technology company’s stock after buying an additional 456 shares during the quarter. CENTRAL TRUST Co’s holdings in Jack Henry & Associates were worth $1,516,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Cetera Investment Advisers increased its position in shares of Jack Henry & Associates by 23.0% during the 2nd quarter. Cetera Investment Advisers now owns 19,479 shares of the technology company’s stock valued at $3,234,000 after purchasing an additional 3,636 shares during the period. Czech National Bank grew its holdings in Jack Henry & Associates by 6.9% during the third quarter. Czech National Bank now owns 14,850 shares of the technology company’s stock worth $2,622,000 after acquiring an additional 959 shares during the period. GAMMA Investing LLC raised its position in Jack Henry & Associates by 10.3% in the third quarter. GAMMA Investing LLC now owns 1,685 shares of the technology company’s stock worth $297,000 after acquiring an additional 158 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in Jack Henry & Associates by 3.4% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,277 shares of the technology company’s stock valued at $755,000 after acquiring an additional 139 shares during the last quarter. Finally, FCF Advisors LLC boosted its position in shares of Jack Henry & Associates by 14.2% during the 3rd quarter. FCF Advisors LLC now owns 9,130 shares of the technology company’s stock valued at $1,612,000 after purchasing an additional 1,132 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Up 0.4 %

NASDAQ:JKHY opened at $174.78 on Tuesday. The stock’s fifty day moving average price is $174.78 and its two-hundred day moving average price is $174.65. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 3.47 and a beta of 0.61. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $189.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11.

Jack Henry & Associates (NASDAQ:JKHY) last released 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. The firm had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.39 EPS. On average, analysts anticipate 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 of this dividend was Monday, December 2nd. This represents a $2.20 annualized dividend and a dividend yield of 1.26%. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JKHY. Keefe, Bruyette & Woods raised their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. UBS Group raised their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Robert W. Baird raised their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and an average target price of $186.80.

Insider Buying and Selling

In other news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the sale, the insider now owns 138,665 shares of the company’s stock, valued at $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.37% of the stock is owned by company insiders.

About Jack Henry & Associates

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.