Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Position Increased by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 530.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,280 shares of the technology company's stock after buying an additional 7,808 shares during the period. Farther Finance Advisors LLC's holdings in Jack Henry & Associates were worth $1,708,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JKHY. Portside Wealth Group LLC lifted its position in Jack Henry & Associates by 6.7% during the first quarter. Portside Wealth Group LLC now owns 1,564 shares of the technology company's stock worth $286,000 after buying an additional 98 shares in the last quarter. Fenimore Asset Management Inc increased its stake in shares of Jack Henry & Associates by 3.7% in the 1st quarter. Fenimore Asset Management Inc now owns 222,364 shares of the technology company's stock worth $40,604,000 after acquiring an additional 8,000 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in shares of Jack Henry & Associates by 51.2% during the 1st quarter. Wesbanco Bank Inc. now owns 2,350 shares of the technology company's stock worth $429,000 after acquiring an additional 796 shares during the period. Park Avenue Securities LLC boosted its position in shares of Jack Henry & Associates by 4.6% during the 1st quarter. Park Avenue Securities LLC now owns 4,883 shares of the technology company's stock valued at $892,000 after acquiring an additional 215 shares during the last quarter. Finally, Clean Yield Group grew its holdings in shares of Jack Henry & Associates by 42.0% in the first quarter. Clean Yield Group now owns 32,222 shares of the technology company's stock valued at $5,884,000 after purchasing an additional 9,529 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. UBS Group cut their target price 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. 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 for the company in a research note on Wednesday, April 2nd. Finally, Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $184.10.

Jack Henry & Associates Trading Down 0.6%

Shares of JKHY stock traded down $1.04 during mid-day trading on Friday, hitting $179.14. 198,936 shares of the company's stock were exchanged, compared to its average volume of 571,179. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 3.36 and a beta of 0.73. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The stock has a 50-day simple moving average of $176.30 and a two-hundred day simple moving average of $175.52.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.23. The business 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 17.83% and a return on equity of 21.55%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $1.19 earnings per share. Equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, May 29th. 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.