Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by Creative Planning

Posted by on Jun 4th, 2023

Creative Planning increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,749 shares of the technology company’s stock after acquiring an additional 482 shares during the period. Creative Planning’s holdings in Jack Henry & Associates were worth $1,536,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of JKHY. Ronald Blue Trust Inc. lifted its stake in Jack Henry & Associates by 91.2% in the 4th quarter. Ronald Blue Trust Inc. now owns 218 shares of the technology company’s stock valued at $39,000 after buying an additional 104 shares in the last quarter. Guardian Wealth Advisors LLC purchased a new stake in Jack Henry & Associates in the 3rd quarter valued at approximately $47,000. Atlas Capital Advisors LLC purchased a new stake in Jack Henry & Associates in the 3rd quarter valued at approximately $53,000. First Horizon Advisors Inc. lifted its stake in Jack Henry & Associates by 16.2% in the 4th quarter. First Horizon Advisors Inc. now owns 430 shares of the technology company’s stock valued at $75,000 after buying an additional 60 shares in the last quarter. Finally, Fred Alger Management LLC lifted its stake in Jack Henry & Associates by 282.0% in the 3rd quarter. Fred Alger Management LLC now owns 424 shares of the technology company’s stock valued at $77,000 after buying an additional 313 shares in the last quarter. Institutional investors and hedge funds own 90.26% of the company’s stock.

Jack Henry & Associates Trading Up 1.0 %

JKHY stock opened at $152.74 on Friday. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 31.95, a PEG ratio of 3.52 and a beta of 0.63. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $152.53 and a 200-day simple moving average of $166.41. Jack Henry & Associates, Inc. has a 52 week low of $139.28 and a 52 week high of $212.62.

Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last released its quarterly earnings data on Tuesday, May 2nd. The technology company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. The business had revenue of $508.55 million during the quarter, compared to the consensus estimate of $500.76 million. Jack Henry & Associates had a return on equity of 23.71% and a net margin of 17.24%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 EPS. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post 4.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, May 26th will be issued a $0.52 dividend. The ex-dividend date is Thursday, May 25th. This represents a $2.08 annualized dividend and a yield of 1.36%. Jack Henry & Associates’s dividend payout ratio is currently 43.51%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JKHY. DA Davidson reduced their target price on Jack Henry & Associates from $188.00 to $180.00 in a research note on Wednesday, April 26th. Oppenheimer reduced their price target on Jack Henry & Associates from $181.00 to $176.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 19th. Stephens reissued an “equal weight” rating and set a $185.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, February 8th. TheStreet lowered Jack Henry & Associates from a “b-” rating to a “c+” rating in a research note on Friday, May 19th. Finally, Bank of America initiated coverage on Jack Henry & Associates in a research note on Thursday. They set a “neutral” rating and a $156.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $175.45.

Insider Activity at Jack Henry & Associates

In related news, Director Laura G. Kelly purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, March 14th. The stock was purchased at an average cost of $145.29 per share, for a total transaction of $145,290.00. Following the acquisition, the director now owns 16,194 shares in the company, valued at $2,352,826.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Laura G. Kelly purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, March 14th. The stock was purchased at an average cost of $145.29 per share, for a total transaction of $145,290.00. Following the acquisition, the director now owns 16,194 shares in the company, valued at $2,352,826.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas A. Wimsett purchased 2,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was bought at an average price of $145.51 per share, with a total value of $291,020.00. Following the completion of the acquisition, the director now owns 36,950 shares in the company, valued at approximately $5,376,594.50. The disclosure for this purchase can be found here. 0.58% of the stock is owned by insiders.

Jack Henry & Associates Profile

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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.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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