Pictet Asset Management Ltd. Has $2.79 Million Position in Jack Henry & Associates, Inc. (JKHY)
Pictet Asset Management Ltd. lifted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,100 shares of the technology company’s stock after buying an additional 1,800 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Jack Henry & Associates were worth $2,786,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in JKHY. OppenheimerFunds Inc. increased its holdings in Jack Henry & Associates by 13.9% during the 1st quarter. OppenheimerFunds Inc. now owns 3,678 shares of the technology company’s stock worth $342,000 after purchasing an additional 449 shares during the last quarter. FMR LLC increased its holdings in Jack Henry & Associates by 3,750.5% during the 1st quarter. FMR LLC now owns 102,500 shares of the technology company’s stock worth $9,542,000 after purchasing an additional 99,838 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in Jack Henry & Associates during the 2nd quarter worth approximately $654,000. Bank of Montreal Can increased its holdings in Jack Henry & Associates by 393.0% during the 2nd quarter. Bank of Montreal Can now owns 111,881 shares of the technology company’s stock worth $11,621,000 after purchasing an additional 89,185 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new stake in Jack Henry & Associates during the 2nd quarter worth approximately $735,000. Institutional investors and hedge funds own 90.13% of the company’s stock.
In related news, insider Kevin D. Williams sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $101.63, for a total transaction of $2,032,600.00. Following the completion of the transaction, the insider now owns 43,314 shares in the company, valued at approximately $4,402,001.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mark S. Forbis sold 2,600 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $101.16, for a total value of $263,016.00. Following the transaction, the vice president now owns 1,696 shares of the company’s stock, valued at approximately $171,567.36. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.
Several research firms have issued reports on JKHY. Royal Bank Of Canada restated a “sector perform” rating and set a $103.00 price objective (up from $96.00) on shares of Jack Henry & Associates in a report on Thursday, November 9th. Cantor Fitzgerald lifted their target price on Jack Henry & Associates to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Robert W. Baird reiterated a “hold” rating and issued a $114.00 target price on shares of Jack Henry & Associates in a research report on Friday. Finally, Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $110.50.
Jack Henry & Associates, Inc. (JKHY) opened at $112.85 on Tuesday. The company has a market capitalization of $8,710.00, a P/E ratio of 36.56, a PEG ratio of 3.01 and a beta of 0.77. Jack Henry & Associates, Inc. has a 12-month low of $84.25 and a 12-month high of $115.34.
Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 15th. The technology company reported $0.83 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.83. Jack Henry & Associates had a return on equity of 23.92% and a net margin of 17.08%. The business had revenue of $383.77 million during the quarter, compared to analyst estimates of $372.98 million. During the same quarter in the previous year, the firm posted $1.06 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. research analysts expect that Jack Henry & Associates, Inc. will post 3.29 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.24 dividend on an annualized basis and a yield of 1.10%. Jack Henry & Associates’s dividend payout ratio is currently 39.12%.
About Jack Henry & Associates
Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).
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