Diversified Trust Co Makes New $282,000 Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Diversified Trust Co bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,542 shares of the technology company's stock, valued at approximately $282,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JKHY. AdvisorNet Financial Inc raised its position in Jack Henry & Associates by 9.8% in the first quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock worth $153,000 after acquiring an additional 75 shares in the last quarter. Torray Investment Partners LLC lifted its holdings in shares of Jack Henry & Associates by 0.7% during the fourth quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock worth $1,831,000 after buying an additional 76 shares during the last quarter. Smith Shellnut Wilson LLC ADV raised its stake in shares of Jack Henry & Associates by 1.1% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock valued at $1,238,000 after purchasing an additional 77 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Jack Henry & Associates by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock valued at $401,000 after acquiring an additional 79 shares during the period. Finally, Moran Wealth Management LLC grew its holdings in shares of Jack Henry & Associates by 2.2% during the fourth quarter. Moran Wealth Management LLC now owns 3,871 shares of the technology company's stock worth $679,000 after purchasing an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

NASDAQ:JKHY traded up $1.99 during trading hours on Friday, hitting $181.41. 245,514 shares of the company's stock traded hands, compared to its average volume of 571,419. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. The business's fifty day simple moving average is $179.50 and its two-hundred day simple moving average is $176.04. Jack Henry & Associates, Inc. has a 52 week low of $158.62 and a 52 week high of $196.00. The firm has a market cap of $13.21 billion, a P/E ratio of 30.90, a P/E/G ratio of 2.93 and a beta of 0.72.

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, topping 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 return on equity of 22.07% and a net margin of 18.50%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 earnings per share. On average, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were issued a $0.58 dividend. The ex-dividend date was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.28%. Jack Henry & Associates's dividend payout ratio is currently 39.52%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on JKHY shares. Keefe, Bruyette & Woods decreased their price target on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a research report on Wednesday, April 2nd. Wall Street Zen lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, UBS Group lowered their price target on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $185.11.

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.