Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stake Boosted by Cerity Partners LLC

Cerity Partners LLC lifted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 35.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,701 shares of the technology company's stock after purchasing an additional 2,810 shares during the period. Cerity Partners LLC's holdings in Jack Henry & Associates were worth $1,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cary Street Partners Financial LLC bought a new position in Jack Henry & Associates during the fourth quarter valued at $54,000. Menard Financial Group LLC bought a new position in Jack Henry & Associates during the fourth quarter valued at $60,000. Brown Brothers Harriman & Co. lifted its position in Jack Henry & Associates by 603.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the technology company's stock valued at $64,000 after purchasing an additional 314 shares during the last quarter. Global X Japan Co. Ltd. bought a new position in Jack Henry & Associates during the first quarter valued at $70,000. Finally, Garde Capital Inc. bought a new position in Jack Henry & Associates during the first quarter valued at $78,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JKHY has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of 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. 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 for the company in a report on Wednesday, April 2nd. UBS Group reduced their price target on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Monday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $185.11.

Jack Henry & Associates Stock Performance

Shares of JKHY traded up $0.02 during trading hours on Wednesday, hitting $180.60. The stock had a trading volume of 137,743 shares, compared to its average volume of 572,844. 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 has a 50-day moving average price of $180.21 and a 200 day moving average price of $176.22. Jack Henry & Associates, Inc. has a fifty-two week low of $160.23 and a fifty-two week high of $196.00. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of 30.70 and a beta of 0.72.

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. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The business had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

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

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.