O Shaughnessy Asset Management LLC Sells 550 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

O Shaughnessy Asset Management LLC trimmed its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 15.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,012 shares of the technology company’s stock after selling 550 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Jack Henry & Associates were worth $416,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cutler Group LP purchased a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $25,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Jack Henry & Associates in the 1st quarter worth about $25,000. Sun Life Financial INC purchased a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $27,000. Executive Wealth Management LLC purchased a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $27,000. Finally, Guardian Life Insurance Co. of America purchased a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

In other Jack Henry & Associates news, Director Wesley A. Brown sold 3,320 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $137.35, for a total transaction of $456,002.00. Following the completion of the sale, the director now directly owns 90,931 shares of the company’s stock, valued at approximately $12,489,372.85. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Matthew C. Flanigan sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $137.70, for a total transaction of $688,500.00. Following the sale, the director now directly owns 49,226 shares of the company’s stock, valued at $6,778,420.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,221 shares of company stock worth $1,267,422. 0.84% of the stock is owned by company insiders.

Shares of NASDAQ:JKHY traded down $0.62 during trading on Friday, hitting $133.92. The company’s stock had a trading volume of 507,370 shares, compared to its average volume of 450,904. Jack Henry & Associates, Inc. has a 12 month low of $120.20 and a 12 month high of $163.68. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of 37.30, a price-to-earnings-growth ratio of 3.49 and a beta of 0.96. The company has a 50-day simple moving average of $135.02.

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. Jack Henry & Associates had a net margin of 18.79% and a return on equity of 21.72%. The company had revenue of $380.36 million for the quarter, compared to analysts’ expectations of $382.45 million. During the same quarter last year, the business earned $0.89 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, analysts forecast that Jack Henry & Associates, Inc. will post 3.5 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Thursday, May 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Wednesday, May 22nd. Jack Henry & Associates’s payout ratio is 44.57%.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $150.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. BidaskClub raised shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods started coverage on shares of Jack Henry & Associates in a research report on Monday, April 8th. They set a “market perform” rating and a $145.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Jack Henry & Associates has an average rating of “Hold” and a consensus target price of $150.40.

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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