Jack Henry & Associates, Inc. (JKHY) Shares Bought by Jane Street Group LLC

Saturday, June 30 2018

Jack Henry & Associates, Inc. (JKHY) Shares Bought by Jane Street Group LLC

Posted by Craig McOrleans on Jun 30th, 2018 // No Comments
Jane Street Group LLC raised its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 104.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,367 shares of the technology company’s stock after acquiring an additional 3,765 shares during the period. Jane Street Group LLC’s holdings in Jack Henry & Associates were worth $891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Profund Advisors LLC boosted its stake in Jack Henry & Associates by 4.9% in the fourth quarter. Profund Advisors LLC now owns 9,545 shares of the technology company’s stock valued at $1,116,000 after acquiring an additional 443 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Jack Henry & Associates by 3.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 15,303 shares of the technology company’s stock valued at $1,851,000 after acquiring an additional 479 shares in the last quarter. Suntrust Banks Inc. boosted its stake in Jack Henry & Associates by 2.7% in the fourth quarter. Suntrust Banks Inc. now owns 18,348 shares of the technology company’s stock valued at $2,145,000 after acquiring an additional 488 shares in the last quarter. First Republic Investment Management Inc. boosted its stake in Jack Henry & Associates by 2.1% in the first quarter. First Republic Investment Management Inc. now owns 23,798 shares of the technology company’s stock valued at $2,879,000 after acquiring an additional 499 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Jack Henry & Associates by 2.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 24,010 shares of the technology company’s stock valued at $2,904,000 after acquiring an additional 590 shares in the last quarter. Institutional investors own 87.74% of the company’s stock. Get Jack Henry & Associates alerts:
In other news, Director Wesley A. Brown sold 3,479 shares of the stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $132.21, for a total transaction of $459,958.59. Following the completion of the sale, the director now owns 91,124 shares in the company, valued at $12,047,504.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . Also, insider Kevin D. Williams sold 20,000 shares of the stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $125.67, for a total transaction of $2,513,400.00. Following the sale, the insider now owns 23,314 shares of the company’s stock, valued at approximately $2,929,870.38. The disclosure for this sale can be found here . Insiders have sold 31,379 shares of company stock valued at $3,978,871 in the last quarter. Insiders own 0.78% of the company’s stock. JKHY has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research note on Friday, May 4th. BidaskClub downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 6th. ValuEngine upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Cantor Fitzgerald upped their price objective on shares of Jack Henry & Associates from $132.00 to $141.00 and gave the company an “overweight” rating in a research note on Thursday, June 7th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $123.33.
Shares of JKHY opened at $130.36 on Friday. Jack Henry & Associates, Inc. has a fifty-two week low of $98.16 and a fifty-two week high of $133.47. The stock has a market cap of $9.93 billion, a PE ratio of 41.52, a price-to-earnings-growth ratio of 3.34 and a beta of 0.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.25 and a quick ratio of 1.25.
Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 1st. The technology company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. Jack Henry & Associates had a net margin of 23.69% and a return on equity of 23.12%. The business had revenue of $384.70 million during the quarter, compared to the consensus estimate of $376.41 million. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 3.49 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 7th. Stockholders of record on Wednesday, May 23rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, May 22nd. This represents a $1.48 annualized dividend and a dividend yield of 1.14%. Jack Henry & Associates’s dividend payout ratio (DPR) is 47.13%.
Jack Henry & Associates 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. Receive News & Ratings for Jack Henry & Associates analysts' ratings for Jack Henry & Associates and related companies daily email newsletter .