Court Place Advisors LLC Has $12.74 Million Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Court Place Advisors LLC lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,765 shares of the technology company's stock after selling 1,423 shares during the period. Jack Henry & Associates comprises 4.2% of Court Place Advisors LLC's holdings, making the stock its 5th largest position. Court Place Advisors LLC owned 0.10% of Jack Henry & Associates worth $12,739,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in JKHY. Atala Financial Inc acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth $40,000. Cary Street Partners Financial LLC bought a new stake in shares of Jack Henry & Associates in the fourth quarter valued at about $54,000. Tortoise Investment Management LLC boosted its position in shares of Jack Henry & Associates by 76.9% during the fourth quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock worth $58,000 after buying an additional 143 shares during the period. Menard Financial Group LLC acquired a new position in Jack Henry & Associates during the 4th quarter worth approximately $60,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Jack Henry & Associates by 603.8% in 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. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

JKHY stock traded down $4.37 during mid-day trading on Friday, hitting $175.19. 439,436 shares of the company were exchanged, compared to its average volume of 569,659. Jack Henry & Associates, Inc. has a 1-year low of $160.23 and a 1-year high of $196.00. The stock has a market capitalization of $12.76 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 2.90 and a beta of 0.72. The business has a 50 day simple moving average of $180.08 and a 200-day simple moving average of $176.15. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its 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 22.07% and a net margin of 18.50%. The company had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same quarter last year, the company earned $1.19 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared 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 of this dividend was Thursday, May 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.32%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 39.52%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JKHY. Wall Street Zen downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a report on Wednesday, April 2nd. 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 report on Thursday, May 8th. Finally, UBS Group dropped their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Jack Henry & Associates has an average rating of "Hold" and an average price target of $185.11.

About Jack Henry & Associates

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.