State Board of Administration of Florida Retirement System Buys 510 Shares of Jack Henry & Associates, Inc. (JKHY)

Share on StockTwits

State Board of Administration of Florida Retirement System raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,725 shares of the technology company’s stock after acquiring an additional 510 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Jack Henry & Associates were worth $14,807,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JKHY. Oregon Public Employees Retirement Fund boosted its position in Jack Henry & Associates by 9,075.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,617,727 shares of the technology company’s stock valued at $36,000 after acquiring an additional 4,567,400 shares in the last quarter. Ronna Sue Cohen boosted its position in Jack Henry & Associates by 12,790.2% during the 1st quarter. Ronna Sue Cohen now owns 1,964,856 shares of the technology company’s stock valued at $1,965,000 after acquiring an additional 1,949,613 shares in the last quarter. Norges Bank bought a new stake in Jack Henry & Associates during the 4th quarter valued at $85,836,000. Geode Capital Management LLC boosted its position in Jack Henry & Associates by 40.0% during the 4th quarter. Geode Capital Management LLC now owns 1,395,069 shares of the technology company’s stock valued at $176,281,000 after acquiring an additional 398,777 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Jack Henry & Associates by 147.6% during the 4th quarter. Deutsche Bank AG now owns 421,092 shares of the technology company’s stock valued at $53,273,000 after acquiring an additional 250,994 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ JKHY traded up $0.06 during midday trading on Friday, hitting $136.16. 1,679 shares of the company traded hands, compared to its average volume of 447,844. The stock has a market capitalization of $10.41 billion, a PE ratio of 37.92, a price-to-earnings-growth ratio of 3.50 and a beta of 0.89. Jack Henry & Associates, Inc. has a 52 week low of $119.30 and a 52 week high of $163.68.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. The firm had revenue of $380.36 million during the quarter, compared to analysts’ expectations of $382.45 million. Jack Henry & Associates had a return on equity of 21.72% and a net margin of 18.79%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 EPS. As a group, analysts forecast that Jack Henry & Associates, Inc. will post 3.5 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd will be given a $0.40 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. Jack Henry & Associates’s payout ratio is 44.57%.

Several analysts have issued reports on the company. Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $159.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, May 7th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $150.40.

In other news, Director John F. Prim sold 7,575 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $131.91, for a total value of $999,218.25. Following the completion of the sale, the director now owns 218,491 shares of the company’s stock, valued at approximately $28,821,147.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark S. Forbis sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $134.74, for a total value of $134,740.00. Following the completion of the sale, the insider now directly owns 1,013 shares of the company’s stock, valued at approximately $136,491.62. The disclosure for this sale can be found here. Insiders sold a total of 10,235 shares of company stock valued at $1,359,788 in the last three months. Insiders own 0.84% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “State Board of Administration of Florida Retirement System Buys 510 Shares of Jack Henry & Associates, Inc. (JKHY)” was originally reported by Macon Daily and is the property of of Macon Daily. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://macondaily.com/2019/05/17/state-board-of-administration-of-florida-retirement-system-buys-510-shares-of-jack-henry-associates-inc-jkhy.html.

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.

Featured Story: Overbought

Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHY).

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

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.