Diversified Trust Co Takes $282,000 Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

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

Other institutional investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its position in shares of Jack Henry & Associates by 9.8% during the 1st quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock valued at $153,000 after buying an additional 75 shares in the last quarter. Torray Investment Partners LLC raised its stake in Jack Henry & Associates by 0.7% during the 4th quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock worth $1,831,000 after acquiring an additional 76 shares during the period. Smith Shellnut Wilson LLC ADV raised its position in shares of Jack Henry & Associates by 1.1% during the 4th 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 during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Jack Henry & Associates by 3.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock valued at $401,000 after buying an additional 79 shares in the last quarter. Finally, Moran Wealth Management LLC boosted its holdings in Jack Henry & Associates by 2.2% in the 4th quarter. Moran Wealth Management LLC now owns 3,871 shares of the technology company's stock worth $679,000 after buying an additional 85 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price for the company in a research report on Wednesday, April 2nd. 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 report on Thursday, May 8th. Finally, Keefe, Bruyette & Woods dropped their price objective 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $185.11.

Jack Henry & Associates Trading Up 1.1%

Shares of NASDAQ JKHY traded up $1.96 during midday trading on Thursday, hitting $181.38. The company's stock had a trading volume of 70,295 shares, compared to its average volume of 568,581. Jack Henry & Associates, Inc. has a 12-month low of $158.62 and a 12-month high of $196.00. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. The firm has a market cap of $13.21 billion, a P/E ratio of 30.90, a price-to-earnings-growth ratio of 2.94 and a beta of 0.72. The business's 50 day moving average is $179.11 and its two-hundred day moving average is $175.99.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly 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 firm had revenue of $585.09 million for the quarter, compared to analysts' expectations of $585.84 million. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 earnings per share. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 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.