Blueshift Asset Management LLC Invests $1.55 Million in Jack Henry & Associates, Inc. (JKHY)

Blueshift Asset Management LLC bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,253 shares of the technology company’s stock, valued at approximately $1,550,000.

Several other large investors have also added to or reduced their stakes in JKHY. Robeco Institutional Asset Management B.V. lifted its stake in Jack Henry & Associates by 5.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 910,874 shares of the technology company’s stock valued at $145,839,000 after buying an additional 44,148 shares in the last quarter. US Bancorp DE lifted its stake in Jack Henry & Associates by 0.3% in the third quarter. US Bancorp DE now owns 152,356 shares of the technology company’s stock valued at $24,388,000 after buying an additional 507 shares in the last quarter. Private Advisor Group LLC lifted its stake in Jack Henry & Associates by 125.3% in the third quarter. Private Advisor Group LLC now owns 3,914 shares of the technology company’s stock valued at $627,000 after buying an additional 2,177 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Jack Henry & Associates by 10.0% in the third quarter. Stratos Wealth Partners LTD. now owns 5,839 shares of the technology company’s stock valued at $935,000 after buying an additional 531 shares in the last quarter. Finally, Zions Bancorporation bought a new position in Jack Henry & Associates in the third quarter valued at approximately $335,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

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A number of brokerages have weighed in on JKHY. BidaskClub lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Raymond James began coverage on shares of Jack Henry & Associates in a research note on Wednesday, February 20th. They issued a “market perform” rating on the stock. Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. ValuEngine lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 8th. Finally, Wells Fargo & Co raised shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $160.00 to $155.00 in a research report on Thursday, February 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $152.75.

In related news, VP Ronald L. Moses sold 750 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $134.20, for a total transaction of $100,650.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John F. Prim sold 7,575 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $131.91, for a total transaction of $999,218.25. Following the transaction, the director now owns 218,491 shares in the company, valued at $28,821,147.81. The disclosure for this sale can be found here. In the last three months, insiders sold 15,713 shares of company stock worth $2,090,396. 0.84% of the stock is currently owned by insiders.

Shares of JKHY stock opened at $133.00 on Wednesday. The firm has a market capitalization of $10.23 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 3.36 and a beta of 0.89. Jack Henry & Associates, Inc. has a 12 month low of $116.79 and a 12 month high of $163.68.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, February 5th. The technology company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.03. The business had revenue of $386.28 million for the quarter, compared to analyst estimates of $380.40 million. Jack Henry & Associates had a net margin of 19.57% and a return on equity of 23.57%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.08 earnings per share. On average, research analysts forecast that Jack Henry & Associates, Inc. will post 3.59 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, March 1st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 28th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.37. Jack Henry & Associates’s payout ratio is currently 41.23%.

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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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