KBC Group NV Has $4.38 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

KBC Group NV lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) by 74.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,821 shares of the technology company’s stock after selling 80,068 shares during the period. KBC Group NV’s holdings in Jack Henry & Associates were worth $4,382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in shares of Jack Henry & Associates in the 3rd quarter worth approximately $30,000. Planned Solutions Inc. bought a new stake in Jack Henry & Associates in the fourth quarter valued at $33,000. Anchor Investment Management LLC acquired a new position in Jack Henry & Associates during the fourth quarter worth $35,000. VisionPoint Advisory Group LLC bought a new position in shares of Jack Henry & Associates during the fourth quarter valued at $44,000. Finally, Federated Hermes Inc. acquired a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at $72,000. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Wednesday. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. DA Davidson reaffirmed a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Royal Bank of Canada increased their target price on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a report on Thursday, February 8th. Finally, Wolfe Research started coverage on Jack Henry & Associates in a report on Thursday, March 7th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $174.42.

Check Out Our Latest Research Report on Jack Henry & Associates

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $164.55 on Friday. The firm’s 50 day moving average price is $166.78 and its two-hundred day moving average price is $167.14. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The stock has a market cap of $12.00 billion, a PE ratio of 31.77, a PEG ratio of 4.24 and a beta of 0.62.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The company had revenue of $538.56 million for the quarter, compared to the consensus estimate of $541.80 million. During the same quarter in the prior year, the business posted $1.12 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts forecast that Jack Henry & Associates, Inc. will post 5.19 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th will be paid a $0.55 dividend. The ex-dividend date is Friday, May 24th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.34%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.47%.

About Jack Henry & Associates

(Free Report)

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.

Further Reading

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

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