Envestnet Asset Management Inc. Has $95.90 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Envestnet Asset Management Inc. trimmed its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 9.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 525,197 shares of the technology company's stock after selling 57,931 shares during the quarter. Envestnet Asset Management Inc. owned 0.72% of Jack Henry & Associates worth $95,901,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Atala Financial Inc bought a new position in shares of Jack Henry & Associates in the 4th quarter valued at $40,000. Cary Street Partners Financial LLC acquired a new stake in Jack Henry & Associates in the fourth quarter valued at about $54,000. Menard Financial Group LLC bought a new position in Jack Henry & Associates in the fourth quarter valued at about $60,000. Brown Brothers Harriman & Co. raised its stake 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. Finally, Global X Japan Co. Ltd. bought a new position in shares of Jack Henry & Associates in the first quarter worth about $70,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Down 2.4%

Shares of NASDAQ JKHY traded down $4.37 during trading on Friday, reaching $175.19. The company had a trading volume of 439,436 shares, compared to its average volume of 449,722. The stock has a market cap of $12.76 billion, a P/E ratio of 30.59, a PEG ratio of 2.90 and a beta of 0.72. The company's fifty day moving average price is $180.10 and its 200-day moving average price is $176.14. 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, Inc. has a 12 month low of $160.23 and a 12 month high of $196.00.

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

Jack Henry & Associates Dividend Announcement

The company 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 annualized dividend and a yield of 1.32%. Jack Henry & Associates's payout ratio is 39.52%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on JKHY shares. 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 report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered 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 cut their price objective on 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, Wall Street Zen cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.