CENTRAL TRUST Co Acquires 4,356 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

CENTRAL TRUST Co increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 50.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,004 shares of the technology company's stock after purchasing an additional 4,356 shares during the quarter. CENTRAL TRUST Co's holdings in Jack Henry & Associates were worth $2,375,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. AdvisorNet Financial Inc raised its holdings in Jack Henry & Associates by 9.8% in the first quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock worth $153,000 after purchasing an additional 75 shares during the period. Torray Investment Partners LLC raised its holdings in Jack Henry & Associates by 0.7% in the fourth quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock worth $1,831,000 after purchasing an additional 76 shares during the period. Smith Shellnut Wilson LLC ADV raised its holdings in shares of Jack Henry & Associates by 1.1% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock worth $1,238,000 after acquiring an additional 77 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Jack Henry & Associates by 3.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock worth $401,000 after acquiring an additional 79 shares during the period. Finally, Moran Wealth Management LLC raised its holdings in shares of Jack Henry & Associates by 2.2% during the fourth quarter. Moran Wealth Management LLC now owns 3,871 shares of the technology company's stock worth $679,000 after acquiring an additional 85 shares during the period. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Stock Performance

Shares of JKHY stock traded up $1.06 during midday trading on Thursday, hitting $181.39. 667,949 shares of the company were exchanged, compared to its average volume of 571,821. The firm has a market capitalization of $13.21 billion, a P/E ratio of 30.90, a PEG ratio of 3.08 and a beta of 0.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. The firm's 50 day moving average price is $177.58 and its two-hundred day moving average price is $175.75. Jack Henry & Associates, Inc. has a 52 week low of $158.62 and a 52 week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.29 by $0.23. The business 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%. Jack Henry & Associates's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.19 EPS. As a group, equities 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 was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, May 29th. Jack Henry & Associates's payout ratio is 39.52%.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of research analyst reports. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target for the company in a research report on Wednesday, April 2nd. UBS Group reduced their price target on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Keefe, Bruyette & Woods reduced their price target on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.