Wesbanco Bank Inc. Trims Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Wesbanco Bank Inc. trimmed its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,554 shares of the technology company’s stock after selling 120 shares during the period. Wesbanco Bank Inc.’s holdings in Jack Henry & Associates were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC grew its stake in Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Jack Henry & Associates in the 3rd quarter valued at approximately $26,000. ORG Partners LLC purchased a new position in Jack Henry & Associates in the 4th quarter valued at approximately $35,000. Catalyst Capital Advisors LLC purchased a new position in shares of Jack Henry & Associates during the 3rd quarter valued at $48,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Jack Henry & Associates during the 3rd quarter valued at $54,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Down 0.1 %

JKHY opened at $173.88 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $189.63. The company has a market capitalization of $12.69 billion, a PE ratio of 31.85, a PEG ratio of 3.27 and a beta of 0.61. The firm’s 50 day simple moving average is $174.49 and its two-hundred day simple moving average is $174.22.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. During the same period last year, the firm earned $1.39 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.81 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were paid a $0.55 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.27%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods boosted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Royal Bank of Canada boosted their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Finally, Stephens reaffirmed an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and a consensus price target of $186.80.

Insider Transactions at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the sale, the insider now directly owns 138,665 shares of the company’s stock, valued at $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Jack Henry & Associates 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.