Quantitative Investment Management LLC Takes Position in Jack Henry & Associates, Inc. (JKHY)
Quantitative Investment Management LLC purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 46,600 shares of the technology company’s stock, valued at approximately $5,450,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Cerebellum GP LLC bought a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $165,000. Advisory Services Network LLC grew its stake in shares of Jack Henry & Associates by 1,238.8% during the 4th quarter. Advisory Services Network LLC now owns 1,620 shares of the technology company’s stock worth $189,000 after acquiring an additional 1,499 shares in the last quarter. Allegis Investment Advisors LLC bought a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $200,000. Boothbay Fund Management LLC bought a new position in shares of Jack Henry & Associates during the 3rd quarter worth approximately $206,000. Finally, Zions Bancorporation bought a new position in shares of Jack Henry & Associates during the 3rd quarter worth approximately $207,000. 84.58% of the stock is owned by institutional investors.
In other Jack Henry & Associates news, Director Thomas Hampton Jr. Wilson purchased 1,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was acquired at an average price of $119.40 per share, with a total value of $119,400.00. Following the acquisition, the director now directly owns 18,866 shares of the company’s stock, valued at approximately $2,252,600.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David B. Foss sold 7,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $123.44, for a total value of $864,080.00. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.
Jack Henry & Associates, Inc. (NASDAQ JKHY) opened at $124.06 on Wednesday. Jack Henry & Associates, Inc. has a 52 week low of $91.50 and a 52 week high of $127.31. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09. The firm has a market cap of $9,534.84, a price-to-earnings ratio of 28.00, a P/E/G ratio of 3.33 and a beta of 0.82.
Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 23.35%. The business had revenue of $374.80 million during the quarter, compared to the consensus estimate of $368.84 million. During the same quarter last year, the firm posted $0.75 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. research analysts anticipate that Jack Henry & Associates, Inc. will post 3.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.37 per share. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.48 annualized dividend and a yield of 1.19%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 33.41%.
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Jack Henry & Associates Profile
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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