Eventide Asset Management LLC acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 9,141 shares of the technology company’s stock, valued at approximately $1,614,000.
Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of Jack Henry & Associates by 188.4% in the 2nd quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock valued at $46,819,000 after purchasing an additional 184,210 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Jack Henry & Associates by 51.4% in the second quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock worth $83,665,000 after buying an additional 171,041 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Jack Henry & Associates by 6,680.1% in the second quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock worth $19,158,000 after buying an additional 113,696 shares during the last quarter. Tandem Investment Advisors Inc. lifted its stake in shares of Jack Henry & Associates by 20.4% during the second quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company’s stock worth $83,496,000 after buying an additional 85,175 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Jack Henry & Associates by 207.3% during the second quarter. SG Americas Securities LLC now owns 122,075 shares of the technology company’s stock valued at $20,267,000 after buying an additional 82,351 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.
Insiders Place Their Bets
In related 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 completion of the sale, the insider now owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Report on JKHY
Jack Henry & Associates Price Performance
NASDAQ:JKHY opened at $176.18 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. The company has a 50 day moving average price of $179.07 and a 200-day moving average price of $171.45. Jack Henry & Associates, Inc. has a 1-year low of $154.77 and a 1-year high of $189.63. The firm has a market cap of $12.85 billion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 3.28 and a beta of 0.63.
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $599.56 million. During the same quarter in the previous year, the company earned $1.39 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.
Jack Henry & Associates Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be issued a $0.55 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.25%. Jack Henry & Associates’s payout ratio is 40.29%.
Jack Henry & Associates Company Profile
Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.
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