Alethea Capital Management LLC Purchases New Position in Jack Henry & Associates, Inc. (JKHY)

Alethea Capital Management LLC purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,167 shares of the technology company’s stock, valued at approximately $301,000.

Other hedge funds also recently bought and sold shares of the company. SignalPoint Asset Management LLC grew its holdings in Jack Henry & Associates by 1.4% during the 1st quarter. SignalPoint Asset Management LLC now owns 6,285 shares of the technology company’s stock worth $872,000 after acquiring an additional 85 shares in the last quarter. Utah Retirement Systems boosted its holdings in shares of Jack Henry & Associates by 0.7% in the 4th quarter. Utah Retirement Systems now owns 14,400 shares of the technology company’s stock valued at $1,822,000 after buying an additional 100 shares in the last quarter. State Treasurer State of Michigan boosted its holdings in shares of Jack Henry & Associates by 0.5% in the 1st quarter. State Treasurer State of Michigan now owns 22,250 shares of the technology company’s stock valued at $3,087,000 after buying an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Jack Henry & Associates by 0.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,103 shares of the technology company’s stock valued at $1,818,000 after buying an additional 102 shares in the last quarter. Finally, Eaton Vance Management boosted its holdings in shares of Jack Henry & Associates by 1.6% in the 4th quarter. Eaton Vance Management now owns 6,579 shares of the technology company’s stock valued at $832,000 after buying an additional 104 shares in the last quarter. 90.52% of the stock is currently owned by institutional investors.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Raymond James assumed coverage on shares of Jack Henry & Associates in a report on Wednesday, February 20th. They issued a “market perform” rating on the stock. BidaskClub upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. Cantor Fitzgerald restated a “buy” rating and issued a $159.00 price target on shares of Jack Henry & Associates in a report on Tuesday, May 7th. Finally, Wells Fargo & Co upgraded shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $160.00 to $155.00 in a report on Thursday, February 7th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $150.40.

NASDAQ:JKHY opened at $135.21 on Wednesday. Jack Henry & Associates, Inc. has a fifty-two week low of $119.30 and a fifty-two week high of $163.68. The stock has a market capitalization of $10.26 billion, a PE ratio of 37.66, a PEG ratio of 3.48 and a beta of 0.89.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, April 30th. The technology company reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. The company had revenue of $380.36 million during the quarter, compared to analysts’ expectations of $382.45 million. Jack Henry & Associates had a net margin of 18.79% and a return on equity of 21.72%. Jack Henry & Associates’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the business earned $0.89 EPS. On average, sell-side analysts predict that Jack Henry & Associates, Inc. will post 3.5 earnings per share for the current fiscal year.

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

In related news, VP Russell L. Bernthal sold 910 shares of Jack Henry & Associates stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $137.56, for a total value of $125,179.60. Following the completion of the sale, the vice president now directly owns 4,831 shares in the company, valued at approximately $664,552.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark S. Forbis sold 1,000 shares of Jack Henry & Associates stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $134.74, for a total transaction of $134,740.00. Following the completion of the sale, the insider now owns 1,013 shares of the company’s stock, valued at $136,491.62. The disclosure for this sale can be found here. Insiders sold a total of 14,623 shares of company stock valued at $1,945,586 over the last quarter. 0.84% of the stock is owned by company insiders.

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Jack Henry & Associates Company 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.

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

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