Captrust Financial Advisors Sells 1,455 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Captrust Financial Advisors trimmed its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 18.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,234 shares of the technology company's stock after selling 1,455 shares during the period. Captrust Financial Advisors' holdings in Jack Henry & Associates were worth $1,093,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Jack Henry & Associates during the 4th quarter valued at $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Jack Henry & Associates by 95.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock valued at $229,057,000 after acquiring an additional 643,697 shares during the period. Invesco Ltd. increased its position in shares of Jack Henry & Associates by 29.9% in the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after acquiring an additional 471,507 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Jack Henry & Associates by 406.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 348,447 shares of the technology company's stock valued at $61,083,000 after acquiring an additional 279,628 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $48,834,000. 98.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Jack Henry & Associates Stock Up 0.9%

Shares of JKHY traded up $1.62 on Monday, reaching $184.29. The stock had a trading volume of 477,760 shares, compared to its average volume of 562,871. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. 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 $13.42 billion, a price-to-earnings ratio of 33.27, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. The company has a 50-day simple moving average of $174.83 and a 200-day simple moving average of $174.93.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. The business had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. During the same quarter last year, the firm posted $1.19 earnings per share. The company's revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared 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 is Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.26%. Jack Henry & Associates's dividend payout ratio (DPR) is currently 39.52%.

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.