Comerica Bank Grows Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Comerica Bank boosted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,521 shares of the technology company's stock after acquiring an additional 3,054 shares during the quarter. Comerica Bank owned about 0.06% of Jack Henry & Associates worth $7,279,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Willis Investment Counsel increased its holdings in shares of Jack Henry & Associates by 1.9% in the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock valued at $640,000 after purchasing an additional 68 shares in the last quarter. Torray Investment Partners LLC grew its position in Jack Henry & Associates by 0.7% during the fourth quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock worth $1,831,000 after buying an additional 76 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Jack Henry & Associates by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock valued at $401,000 after buying an additional 79 shares in the last quarter. Signal Advisors Wealth LLC lifted its position in shares of Jack Henry & Associates by 4.0% during the 4th quarter. Signal Advisors Wealth LLC now owns 2,166 shares of the technology company's stock valued at $380,000 after acquiring an additional 83 shares during the period. Finally, Wedmont Private Capital boosted its stake in shares of Jack Henry & Associates by 7.2% during the 4th quarter. Wedmont Private Capital now owns 1,239 shares of the technology company's stock worth $213,000 after acquiring an additional 83 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company began coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective for the company. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a research report on Wednesday, April 2nd. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates presently has an average rating of "Hold" and an average price target of $185.30.

Jack Henry & Associates Trading Down 0.3 %

Shares of NASDAQ:JKHY traded down $0.45 during trading on Wednesday, reaching $171.57. The stock had a trading volume of 1,761,411 shares, compared to its average volume of 555,499. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock has a market cap of $12.51 billion, a P/E ratio of 30.97, a PEG ratio of 3.36 and a beta of 0.75. The business has a fifty day moving average price of $175.12 and a 200-day moving average price of $175.18. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same quarter in the prior year, the company posted $1.19 EPS. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio is currently 41.88%.

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.