Jack Henry & Associates, Inc. (NASDAQ:JKHY) is Court Place Advisors LLC's 5th Largest Position

Court Place Advisors LLC lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,765 shares of the technology company's stock after selling 1,423 shares during the period. Jack Henry & Associates comprises about 4.2% of Court Place Advisors LLC's investment portfolio, making the stock its 5th biggest holding. Court Place Advisors LLC owned 0.10% of Jack Henry & Associates worth $12,739,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JKHY. Vanguard Group Inc. boosted its stake in Jack Henry & Associates by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock valued at $1,544,634,000 after buying an additional 157,360 shares during the last quarter. Invesco Ltd. boosted its stake in Jack Henry & Associates by 29.9% during the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after buying an additional 471,507 shares during the last quarter. Geode Capital Management LLC boosted its stake in Jack Henry & Associates by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock valued at $349,796,000 after buying an additional 24,709 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Jack Henry & Associates by 95.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock valued at $229,057,000 after purchasing an additional 643,697 shares during the period. Finally, Handelsbanken Fonder AB raised its position in Jack Henry & Associates by 8.9% during the first quarter. Handelsbanken Fonder AB now owns 1,007,500 shares of the technology company's stock valued at $183,970,000 after purchasing an additional 82,100 shares during the period. Institutional investors own 98.75% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. UBS Group reduced their price target on shares of 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. Keefe, Bruyette & Woods reduced their price target on shares of 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 raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a research note on Wednesday, April 2nd. Finally, Wall Street Zen downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates currently has a consensus rating of "Hold" and a consensus price target of $185.11.

Jack Henry & Associates Stock Down 0.3%

Shares of Jack Henry & Associates stock traded down $0.56 during trading hours on Wednesday, reaching $179.76. 344,778 shares of the company were exchanged, compared to its average volume of 570,154. Jack Henry & Associates, Inc. has a 1 year low of $158.62 and a 1 year high of $196.00. The stock's fifty day moving average is $179.84 and its 200 day moving average is $176.10. 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 market cap of $13.09 billion, a PE ratio of 30.62, a PEG ratio of 2.92 and a beta of 0.72.

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, beating the consensus estimate of $1.29 by $0.23. The firm had revenue of $585.09 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 earnings per share. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a $0.58 dividend. The ex-dividend date was Thursday, May 29th. This represents a $2.32 annualized dividend and a yield of 1.29%. Jack Henry & Associates's dividend payout ratio is presently 39.52%.

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.