Exchange Traded Concepts LLC Grows Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Exchange Traded Concepts LLC boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 1,152.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,746 shares of the technology company's stock after buying an additional 4,367 shares during the quarter. Exchange Traded Concepts LLC's holdings in Jack Henry & Associates were worth $867,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ritholtz Wealth Management grew its position in shares of Jack Henry & Associates by 29.3% in the first quarter. Ritholtz Wealth Management now owns 3,391 shares of the technology company's stock valued at $619,000 after purchasing an additional 768 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Jack Henry & Associates by 8.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,824 shares of the technology company's stock valued at $1,976,000 after purchasing an additional 860 shares during the last quarter. Marshall Financial Group LLC grew its position in shares of Jack Henry & Associates by 5.2% in the first quarter. Marshall Financial Group LLC now owns 6,344 shares of the technology company's stock valued at $1,158,000 after purchasing an additional 315 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Jack Henry & Associates by 26.4% in the first quarter. Fifth Third Bancorp now owns 1,684 shares of the technology company's stock valued at $307,000 after purchasing an additional 352 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of Jack Henry & Associates in the first quarter valued at approximately $217,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their price target on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target for the company in a research note on Wednesday, April 2nd. Finally, UBS Group cut their price target on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $184.10.

Jack Henry & Associates Price Performance

JKHY traded up $2.74 on Monday, reaching $181.02. The stock had a trading volume of 506,135 shares, compared to its average volume of 572,573. Jack Henry & Associates, Inc. has a fifty-two week low of $158.62 and a fifty-two week high of $196.00. The firm has a 50-day moving average of $178.06 and a 200-day moving average of $175.90. 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 company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 3.02 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.23. The company had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 Dividend Announcement

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

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.