Allspring Global Investments Holdings LLC Has $18.54 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Allspring Global Investments Holdings LLC lessened its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 63.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 100,735 shares of the technology company's stock after selling 178,535 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.14% of Jack Henry & Associates worth $18,537,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Jack Henry & Associates by 582.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,222 shares of the technology company's stock valued at $9,353,000 after purchasing an additional 43,721 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of Jack Henry & Associates by 12.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 47,255 shares of the technology company's stock worth $8,629,000 after buying an additional 5,347 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of Jack Henry & Associates in the 1st quarter valued at approximately $282,000. Board of the Pension Protection Fund boosted its stake in shares of Jack Henry & Associates by 51.4% in the first quarter. Board of the Pension Protection Fund now owns 5,600 shares of the technology company's stock valued at $1,023,000 after buying an additional 1,900 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Jack Henry & Associates by 11.9% in the first quarter. Robeco Institutional Asset Management B.V. now owns 44,375 shares of the technology company's stock valued at $8,103,000 after buying an additional 4,719 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock traded up $1.99 on Friday, hitting $181.41. The company had a trading volume of 245,514 shares, compared to its average volume of 571,419. Jack Henry & Associates, Inc. has a 52 week low of $158.62 and a 52 week high of $196.00. The company has a market cap of $13.21 billion, a PE ratio of 30.90, a PEG ratio of 2.93 and a beta of 0.72. The business has a 50-day simple moving average of $179.50 and a 200-day simple moving average of $176.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.23. The company had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The company's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 EPS. Research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were paid a $0.58 dividend. The ex-dividend date was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.28%. Jack Henry & Associates's payout ratio is presently 39.52%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on JKHY. UBS Group reduced their target price on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. The Goldman Sachs Group raised 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 report on Wednesday, April 2nd. Wall Street Zen cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Keefe, Bruyette & Woods decreased their price target on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $185.11.

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.