Bank of Nova Scotia has reduced its stake in First Horizon Co. (NYSE:FHN) by 60.7% in the 3rd quarter, according to its recent filing with the Securities and Exchange Commission (SEC). The bank owned 297,000 shares of First Horizon's stock after selling 458,927 shares during the period. Several other hedge funds and institutional investors have also modified their holdings of the stock. First Horizon's stock opened at $14.04 on Friday and has a market cap of $7.85 billion. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31. First Horizon also announced a quarterly dividend of $0.15 per share, payable on April 1st to shareholders of record on March 15th. The company's board has approved a share buyback program of $650 million. Analysts have given the stock an average rating of 'Moderate Buy' with a consensus price target of $14.35. [1732a6c8]
The Treasurer of the State of North Carolina reduced its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 19.4% in the 3rd quarter, selling 7,895 shares and leaving them with 32,861 shares worth $4,967,000. Other institutional investors have also recently bought and sold shares of the company. Jack Henry & Associates reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.12. The company's revenue for the quarter was $545.70 million, up 8.0% year-over-year. Jack Henry & Associates also increased its dividend from $0.52 to $0.55 per share. [ab6f6775]