Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Purchased by abrdn plc

abrdn plc increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,796 shares of the technology company’s stock after purchasing an additional 1,241 shares during the period. abrdn plc’s holdings in Jack Henry & Associates were worth $3,300,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Asset Management One Co. Ltd. lifted its stake in shares of Jack Henry & Associates by 1.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,054 shares of the technology company’s stock worth $5,687,000 after acquiring an additional 532 shares during the period. Bleakley Financial Group LLC acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at about $925,000. Yousif Capital Management LLC lifted its stake in shares of Jack Henry & Associates by 31.5% in the third quarter. Yousif Capital Management LLC now owns 14,177 shares of the technology company’s stock valued at $2,584,000 after purchasing an additional 3,392 shares during the period. Contravisory Investment Management Inc. lifted its stake in shares of Jack Henry & Associates by 24.0% in the fourth quarter. Contravisory Investment Management Inc. now owns 1,848 shares of the technology company’s stock valued at $324,000 after purchasing an additional 358 shares during the period. Finally, Pictet Asset Management SA lifted its stake in shares of Jack Henry & Associates by 0.3% in the third quarter. Pictet Asset Management SA now owns 31,404 shares of the technology company’s stock valued at $5,724,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 90.26% of the company’s stock.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director Laura G. Kelly bought 1,000 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were acquired at an average price of $145.29 per share, with a total value of $145,290.00. Following the purchase, the director now owns 16,194 shares in the company, valued at approximately $2,352,826.26. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.58% of the stock is currently owned by insiders.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $148.89 on Wednesday. Jack Henry & Associates, Inc. has a 1 year low of $139.28 and a 1 year high of $212.62. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a 50 day moving average price of $152.31 and a 200 day moving average price of $167.91. The company has a market cap of $10.85 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 3.47 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last posted its quarterly earnings results on Tuesday, May 2nd. The technology company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. The company had revenue of $508.55 million for the quarter, compared to the consensus estimate of $500.76 million. Jack Henry & Associates had a net margin of 17.24% and a return on equity of 23.71%. Jack Henry & Associates’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 earnings per share. Sell-side analysts predict that Jack Henry & Associates, Inc. will post 4.82 earnings per share 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. Shareholders of record on Friday, May 26th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Thursday, May 25th. Jack Henry & Associates’s dividend payout ratio is currently 43.51%.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com assumed coverage on shares of Jack Henry & Associates in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Robert W. Baird raised their price objective on shares of Jack Henry & Associates from $168.00 to $176.00 in a research note on Wednesday, May 3rd. Keefe, Bruyette & Woods reduced their price objective on shares of Jack Henry & Associates from $185.00 to $164.00 and set a “market perform” rating for the company in a research note on Tuesday, April 11th. Morgan Stanley dropped their target price on shares of Jack Henry & Associates from $185.00 to $175.00 and set an “equal weight” rating for the company in a report on Thursday, February 9th. Finally, UBS Group raised shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and set a $184.00 price target on the stock in a report on Wednesday, March 15th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and an average target price of $177.40.

About Jack Henry & Associates

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Jack Henry & Associates, Inc is a technology company, which engages in the provision of technology solutions and payment processing services primarily for financial services organizations. 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, general ledger transactions, and maintain centralized customer or member information.