Wesbanco Bank Inc. Sells 120 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Wesbanco Bank Inc. cut its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JKHY. American Century Companies Inc. lifted its stake in shares of Jack Henry & Associates by 10.2% in the 2nd quarter. American Century Companies Inc. now owns 22,554 shares of the technology company’s stock valued at $3,744,000 after acquiring an additional 2,079 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Jack Henry & Associates by 11.6% in the 2nd quarter. Pacer Advisors Inc. now owns 6,417 shares of the technology company’s stock valued at $1,065,000 after acquiring an additional 665 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Jack Henry & Associates by 74.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 2,795 shares of the technology company’s stock valued at $464,000 after acquiring an additional 1,189 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Jack Henry & Associates by 3.7% in the 2nd quarter. Bank of Montreal Can now owns 132,049 shares of the technology company’s stock valued at $22,010,000 after acquiring an additional 4,732 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Jack Henry & Associates by 60.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,962 shares of the technology company’s stock valued at $2,318,000 after acquiring an additional 5,274 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

JKHY stock opened at $173.88 on Friday. The stock has a market capitalization of $12.69 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 3.27 and a beta of 0.61. The company’s 50-day moving average is $174.49 and its 200-day moving average is $174.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating 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 analysts’ expectations of $599.56 million. During the same quarter last year, the firm earned $1.39 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts expect that Jack Henry & Associates, Inc. will post 5.81 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were given a dividend of $0.55 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research analysts have recently commented on JKHY shares. Royal Bank of Canada increased their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Robert W. Baird increased their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company began coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $186.80.

About Jack Henry & Associates

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.