State Board of Administration of Florida Retirement System raised its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,215 shares of the technology company’s stock after acquiring an additional 210 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Jack Henry & Associates were worth $13,438,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. First Hawaiian Bank acquired a new position in shares of Jack Henry & Associates during the 3rd quarter valued at $324,000. Clearbridge Investments LLC acquired a new position in shares of Jack Henry & Associates in the 3rd quarter worth $30,179,000. Man Group plc grew its holdings in shares of Jack Henry & Associates by 3.2% in the 3rd quarter. Man Group plc now owns 89,059 shares of the technology company’s stock worth $14,257,000 after acquiring an additional 2,724 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Jack Henry & Associates by 31.7% in the 3rd quarter. Bank of Montreal Can now owns 50,508 shares of the technology company’s stock worth $8,085,000 after acquiring an additional 12,155 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Jack Henry & Associates by 5.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 18,648 shares of the technology company’s stock worth $2,985,000 after acquiring an additional 1,037 shares during the last quarter. 95.34% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Mark S. Forbis sold 3,000 shares of Jack Henry & Associates stock in a transaction on Monday, December 10th. The stock was sold at an average price of $134.91, for a total transaction of $404,730.00. Following the transaction, the vice president now owns 5,038 shares in the company, valued at $679,676.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.84% of the company’s stock.
Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, February 5th. The technology company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. Jack Henry & Associates had a return on equity of 23.57% and a net margin of 19.57%. The business had revenue of $386.28 million for the quarter, compared to the consensus estimate of $380.40 million. During the same quarter in the previous year, the company posted $2.08 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 3.58 EPS for the current fiscal year.
A number of brokerages recently issued reports on JKHY. ValuEngine upgraded Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 24th. Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Friday, January 25th. BidaskClub cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Wells Fargo & Co upgraded Jack Henry & Associates from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $160.00 to $155.00 in a report on Thursday. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $163.00 target price on shares of Jack Henry & Associates in a report on Tuesday, February 5th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Jack Henry & Associates presently has an average rating of “Buy” and a consensus target price of $152.75.
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About Jack Henry & Associates
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.
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