Jefferies Financial Group Inc. Has $908,000 Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Key Points

• Jefferies Financial Group Inc. reduced its stake in Jack Henry & Associates by 57.1%, holding 4,975 shares valued at approximately $908,000 after selling 6,614 shares in the first quarter.
• In recent research reports, analysts have cut the target price for Jack Henry & Associates, with Keefe, Bruyette & Woods adjusting it from $190.00 to $183.00, while Wall Street Zen upgraded their rating from "hold" to "buy."
• Jack Henry & Associates issued a quarterly dividend of $0.58 per share, resulting in an annualized dividend yield of 1.4%, with a payout ratio of 39.52%.

Jefferies Financial Group Inc. reduced its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 57.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,975 shares of the technology company's stock after selling 6,614 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Jack Henry & Associates were worth $908,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Davis R M Inc. lifted its position in shares of Jack Henry & Associates by 3.3% in the first quarter. Davis R M Inc. now owns 80,649 shares of the technology company's stock valued at $14,727,000 after buying an additional 2,614 shares during the last quarter. Natixis Advisors LLC raised its stake in Jack Henry & Associates by 0.5% in the 1st quarter. Natixis Advisors LLC now owns 95,565 shares of the technology company's stock valued at $17,450,000 after acquiring an additional 521 shares during the period. XTX Topco Ltd bought a new stake in Jack Henry & Associates in the 1st quarter valued at $2,085,000. Foundations Investment Advisors LLC boosted its position in Jack Henry & Associates by 81.3% during the first quarter. Foundations Investment Advisors LLC now owns 2,371 shares of the technology company's stock worth $433,000 after purchasing an additional 1,063 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Jack Henry & Associates by 33.5% in the first quarter. LPL Financial LLC now owns 106,389 shares of the technology company's stock valued at $19,277,000 after purchasing an additional 26,696 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Wall Street Analyst Weigh In

JKHY has been the subject of a number of research reports. Keefe, Bruyette & Woods cut their target price on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. UBS Group reduced their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued 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 $185.11.

Jack Henry & Associates Stock Performance

NASDAQ JKHY traded up $0.75 during trading on Wednesday, reaching $166.76. The company's stock had a trading volume of 480,872 shares, compared to its average volume of 481,513. The firm has a 50 day moving average price of $178.16 and a 200 day moving average price of $176.27. Jack Henry & Associates, Inc. has a 12 month low of $160.23 and a 12 month high of $196.00. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 28.41 and a beta of 0.73. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. The company had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 earnings per share. As a group, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio is presently 39.52%.

Insider Buying and Selling at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the transaction, the director owned 139,265 shares in the company, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.37% of the company's stock.

Jack Henry & Associates Company Profile

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