Blue Trust Inc. Has $162,000 Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Blue Trust Inc. boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 57.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 916 shares of the technology company’s stock after buying an additional 335 shares during the period. Blue Trust Inc.’s holdings in Jack Henry & Associates were worth $162,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB increased its stake in Jack Henry & Associates by 50.8% in the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after acquiring an additional 263,021 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Jack Henry & Associates by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after buying an additional 131,515 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of Jack Henry & Associates by 2,032.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock worth $22,540,000 after buying an additional 121,667 shares during the period. Assenagon Asset Management S.A. boosted its stake in Jack Henry & Associates by 80.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 207,757 shares of the technology company’s stock valued at $36,677,000 after buying an additional 92,359 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Jack Henry & Associates by 49.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock valued at $38,836,000 after buying an additional 72,760 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Insider Buying and Selling at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now directly owns 138,665 shares of the company’s stock, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.37% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $174.08 on Wednesday. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 3.47 and a beta of 0.61. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $174.85 and a 200 day moving average price of $174.76.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. Research analysts expect that Jack Henry & Associates, Inc. will post 5.81 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were issued a $0.55 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.26%. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

Analyst Upgrades and Downgrades

JKHY has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Stephens restated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Wells Fargo & Company started coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price on the stock. Finally, Keefe, Bruyette & Woods raised their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates presently has an average rating of “Hold” and an average price target of $186.80.

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.