Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 2.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,765 shares of the technology company's stock after selling 1,423 shares during the period. Jack Henry & Associates accounts for approximately 4.2% of Court Place Advisors LLC's investment portfolio, making the stock its 5th biggest holding. Court Place Advisors LLC owned approximately 0.10% of Jack Henry & Associates worth $12,739,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atala Financial Inc purchased a new position in Jack Henry & Associates during the 4th quarter worth approximately $40,000. Cary Street Partners Financial LLC purchased a new position in Jack Henry & Associates during the 4th quarter worth approximately $54,000. Tortoise Investment Management LLC grew its stake in Jack Henry & Associates by 76.9% during the 4th 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 last quarter. Menard Financial Group LLC purchased a new position in Jack Henry & Associates during the 4th quarter worth approximately $60,000. Finally, Brown Brothers Harriman & Co. grew its stake in Jack Henry & Associates by 603.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the technology company's stock worth $64,000 after buying an additional 314 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their target price 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. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a research note on Wednesday, April 2nd. Wall Street Zen downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, UBS Group lowered their target price 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 research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $185.11.

Jack Henry & Associates Price Performance

JKHY traded down $4.37 during trading on Friday, reaching $175.19. 439,436 shares of the stock were exchanged, compared to its average volume of 571,569. The business's 50 day moving average price is $180.10 and its two-hundred day moving average price is $176.13. 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 capitalization of $12.76 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 2.83 and a beta of 0.72. Jack Henry & Associates, Inc. has a 1 year low of $160.23 and a 1 year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.23. The company had revenue of $585.09 million for the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. Jack Henry & Associates's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 earnings per share. 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 declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were issued a $0.58 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.32%. Jack Henry & Associates's dividend payout ratio (DPR) is 39.52%.

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.