Bokf Na Has $633,000 Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Posted by Defense World Staff on Jun 12th, 2023

Bokf Na cut its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,605 shares of the technology company’s stock after selling 98 shares during the period. Bokf Na’s holdings in Jack Henry & Associates were worth $633,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JKHY. Vanguard Group Inc. raised its position in Jack Henry & Associates by 1.5% during the third quarter. Vanguard Group Inc. now owns 8,800,903 shares of the technology company’s stock valued at $1,604,141,000 after buying an additional 133,741 shares during the period. BlackRock Inc. increased its position in Jack Henry & Associates by 0.7% in the 3rd quarter. BlackRock Inc. now owns 7,456,260 shares of the technology company’s stock worth $1,359,051,000 after purchasing an additional 49,073 shares during the last quarter. State Street Corp increased its position in Jack Henry & Associates by 0.3% in the 3rd quarter. State Street Corp now owns 3,177,564 shares of the technology company’s stock worth $579,175,000 after purchasing an additional 10,492 shares during the last quarter. Geode Capital Management LLC increased its position in Jack Henry & Associates by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,701,715 shares of the technology company’s stock worth $298,358,000 after purchasing an additional 48,730 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Jack Henry & Associates by 17.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,596,568 shares of the technology company’s stock worth $280,294,000 after purchasing an additional 235,577 shares during the last quarter. 90.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. TheStreet downgraded Jack Henry & Associates from a “b-” rating to a “c+” rating in a research note on Friday, May 19th. DA Davidson reduced their price objective on Jack Henry & Associates from $188.00 to $180.00 in a research report on Wednesday, April 26th. Oppenheimer reduced their price objective on Jack Henry & Associates from $181.00 to $176.00 and set an “outperform” rating for the company in a research report on Wednesday, April 19th. Robert W. Baird raised their price objective on Jack Henry & Associates from $168.00 to $176.00 in a research report on Wednesday, May 3rd. Finally, Keefe, Bruyette & Woods dropped their target price on Jack Henry & Associates from $185.00 to $164.00 and set a “market perform” rating for the company in a report on Tuesday, April 11th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $175.45.

Jack Henry & Associates Stock Up 0.6 %

Shares of JKHY traded up $1.02 during midday trading on Monday, hitting $158.91. The stock had a trading volume of 106,462 shares, compared to its average volume of 668,575. The company has a 50 day simple moving average of $153.22 and a two-hundred day simple moving average of $165.37. Jack Henry & Associates, Inc. has a twelve month low of $139.28 and a twelve month high of $212.62. The firm has a market cap of $11.58 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 4.47 and a beta of 0.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.52 and a quick ratio of 1.52.

Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last released its quarterly earnings results on Tuesday, May 2nd. The technology company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.03. The firm had revenue of $508.55 million for 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 company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $1.16 EPS. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 4.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

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 paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, May 25th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 43.51%.

Insider Activity at Jack Henry & Associates

In other news, Director Laura G. Kelly acquired 1,000 shares of the stock in a transaction on Tuesday, March 14th. The stock was acquired at an average cost of $145.29 per share, for a total transaction of $145,290.00. Following the completion of the transaction, the director now directly owns 16,194 shares in the company, valued at $2,352,826.26. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Thomas A. Wimsett purchased 2,000 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were acquired at an average price of $145.51 per share, with a total value of $291,020.00. Following the completion of the transaction, the director now owns 36,950 shares of the company’s stock, valued at approximately $5,376,594.50. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Laura G. Kelly acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were bought at an average cost of $145.29 per share, for a total transaction of $145,290.00. Following the transaction, the director now directly owns 16,194 shares in the company, valued at $2,352,826.26. The disclosure for this purchase can be found here. 0.58% of the stock is currently owned by corporate insiders.

About Jack Henry & Associates

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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.