Dearborn Partners LLC Has $19.39 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Key Points

• Dearborn Partners LLC reduced its stake in Jack Henry & Associates by 18.2%, selling 23,706 shares, and now owns 0.15% of the company valued at approximately $19.4 million.
• Several institutional investors, including Invesco Ltd. and Geode Capital Management, have increased their holdings in Jack Henry & Associates, with 98.75% of the stock currently owned by institutional investors.
• Jack Henry & Associates recently announced a quarterly dividend of $0.58 per share, representing an annualized dividend of $2.32 and a yield of 1.32%.

Dearborn Partners LLC lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 18.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,212 shares of the technology company's stock after selling 23,706 shares during the period. Dearborn Partners LLC owned approximately 0.15% of Jack Henry & Associates worth $19,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Cullen Frost Bankers Inc. bought a new position in Jack Henry & Associates during the 1st quarter worth approximately $38,000. Assetmark Inc. boosted its position in shares of Jack Henry & Associates by 147.5% during the first quarter. Assetmark Inc. now owns 250 shares of the technology company's stock worth $46,000 after purchasing an additional 149 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of Jack Henry & Associates in the 4th quarter valued at $54,000. Menard Financial Group LLC acquired a new stake in Jack Henry & Associates during the 4th quarter worth $60,000. Finally, Brown Brothers Harriman & Co. lifted its holdings 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 worth $64,000 after acquiring an additional 314 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Shares of JKHY stock traded down $2.54 during trading on Friday, reaching $167.28. 627,091 shares of the company's stock were exchanged, compared to its average volume of 418,314. The firm's fifty day moving average price is $179.36 and its 200-day moving average price is $176.40. Jack Henry & Associates, Inc. has a twelve month low of $160.23 and a twelve month high of $196.00. The stock has a market capitalization of $12.18 billion, a PE ratio of 28.50 and a beta of 0.74. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $585.84 million. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 earnings per share. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.4%. Jack Henry & Associates's dividend payout ratio (DPR) is currently 39.52%.

Analyst Ratings Changes

Several research firms have recently weighed in on JKHY. 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 for the company in a report on Thursday, May 8th. UBS Group lowered 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. Finally, Wall Street Zen downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Monday, July 21st. One research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $185.11.

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.