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

Wesbanco Bank Inc. lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 51.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,350 shares of the technology company’s stock after acquiring an additional 796 shares during the period. Wesbanco Bank Inc.’s holdings in Jack Henry & Associates were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Jack Henry & Associates by 29.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,501 shares of the technology company’s stock valued at $1,326,000 after purchasing an additional 1,718 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Jack Henry & Associates by 4.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 180,198 shares of the technology company’s stock worth $31,589,000 after purchasing an additional 7,523 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Jack Henry & Associates by 1.6% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,634 shares of the technology company’s stock valued at $1,514,000 after purchasing an additional 136 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Jack Henry & Associates by 36.2% during the fourth quarter. Empowered Funds LLC now owns 6,600 shares of the technology company’s stock valued at $1,157,000 after purchasing an additional 1,755 shares in the last quarter. Finally, WCM Investment Management LLC boosted its position in shares of Jack Henry & Associates by 88.9% during the fourth quarter. WCM Investment Management LLC now owns 3,445 shares of the technology company’s stock valued at $603,000 after buying an additional 1,621 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY opened at $179.51 on Wednesday. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of 32.40, a price-to-earnings-growth ratio of 3.36 and a beta of 0.73. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $176.16 and a 200 day moving average of $175.50.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The business had revenue of $585.09 million for the quarter, compared to analysts’ expectations of $585.84 million. During the same quarter last year, the company posted $1.19 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.32 annualized dividend and a yield of 1.29%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.52%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JKHY. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Wall Street Zen upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. Keefe, Bruyette & Woods dropped their target price on shares of Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a report on Thursday, May 8th. Finally, The Goldman Sachs Group raised shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price for the company in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and an average price target of $184.10.

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.