CENTRAL TRUST Co Boosts Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

CENTRAL TRUST Co grew its holdings in 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 & Exchange Commission. The institutional investor owned 13,004 shares of the technology company's stock after acquiring an additional 4,356 shares during the period. CENTRAL TRUST Co's holdings in Jack Henry & Associates were worth $2,375,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in JKHY. National Pension Service purchased a new position in shares of Jack Henry & Associates in the fourth quarter valued at about $27,000. Atala Financial Inc purchased a new position in shares of Jack Henry & Associates in the fourth quarter valued at about $40,000. Cary Street Partners Financial LLC purchased a new position in shares of Jack Henry & Associates in the fourth quarter valued at about $54,000. Tortoise Investment Management LLC lifted its position in shares of Jack Henry & Associates by 76.9% in the fourth quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock valued at $58,000 after acquiring an additional 143 shares in the last quarter. Finally, Menard Financial Group LLC bought a new stake in shares of Jack Henry & Associates in the fourth quarter worth about $60,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Down 1.7%

NASDAQ JKHY traded down $3.11 during midday trading on Friday, hitting $178.28. 888,072 shares of the company traded hands, compared to its average volume of 572,839. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market cap of $12.98 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 3.02 and a beta of 0.73. The company's 50-day simple moving average is $177.91 and its 200-day simple moving average is $175.83. 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 posted its quarterly earnings data 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. The firm had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 EPS. As a group, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.30%. Jack Henry & Associates's dividend payout ratio is currently 39.52%.

Analyst Ratings Changes

Several brokerages have recently issued reports on JKHY. Keefe, Bruyette & Woods reduced their target price on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. UBS Group reduced their target price on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $184.10.

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.