Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 9.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 525,197 shares of the technology company's stock after selling 57,931 shares during the period. Envestnet Asset Management Inc. owned 0.72% of Jack Henry & Associates worth $95,901,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Atala Financial Inc purchased a new position in shares of Jack Henry & Associates in the fourth quarter worth $40,000. Cary Street Partners Financial LLC purchased a new position in shares of Jack Henry & Associates in the fourth quarter worth $54,000. Menard Financial Group LLC purchased a new position in shares of Jack Henry & Associates in the fourth quarter worth $60,000. Brown Brothers Harriman & Co. raised its holdings in shares of Jack Henry & Associates by 603.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the technology company's stock worth $64,000 after buying an additional 314 shares during the last quarter. Finally, Global X Japan Co. Ltd. purchased a new position in shares of Jack Henry & Associates in the first quarter worth $70,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group cut their price objective 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 cut their price objective 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. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Sunday. Finally, The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $185.11.

Jack Henry & Associates Stock Performance

JKHY stock traded up $1.09 during midday trading on Monday, hitting $176.28. 242,998 shares of the stock traded hands, compared to its average volume of 570,592. The firm has a market cap of $12.84 billion, a P/E ratio of 30.03 and a beta of 0.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36. The stock's fifty day simple moving average is $180.10 and its 200-day simple moving average is $176.12. Jack Henry & Associates, Inc. has a 1-year low of $160.23 and a 1-year 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The business had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same quarter last year, the business earned $1.19 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a $0.58 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.32%. Jack Henry & Associates's dividend payout ratio (DPR) is 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.