Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 82.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,720 shares of the technology company's stock after acquiring an additional 3,041 shares during the period. Bridges Investment Management Inc.'s holdings in Jack Henry & Associates were worth $1,227,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atala Financial Inc purchased a new position in Jack Henry & Associates in the fourth quarter valued at approximately $40,000. Cary Street Partners Financial LLC acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at $54,000. Tortoise Investment Management LLC grew its position in shares of Jack Henry & Associates by 76.9% in the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock valued at $58,000 after buying an additional 143 shares during the last quarter. Menard Financial Group LLC acquired a new stake in Jack Henry & Associates during the 4th quarter worth $60,000. Finally, Brown Brothers Harriman & Co. lifted its position in Jack Henry & Associates by 603.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the technology company's stock valued at $64,000 after acquiring an additional 314 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Trading Down 0.3%

Shares of JKHY stock opened at $179.76 on Thursday. The company has a market capitalization of $13.09 billion, a P/E ratio of 30.62, a price-to-earnings-growth ratio of 2.91 and a beta of 0.72. 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 business's 50 day moving average is $179.97 and its two-hundred day moving average is $176.12. Jack Henry & Associates, Inc. has a twelve month low of $158.62 and a twelve month high of $196.00.

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, topping the consensus estimate of $1.29 by $0.23. The firm had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The company's revenue for the quarter 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 forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors 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 dividend on an annualized basis and a yield of 1.29%. Jack Henry & Associates's payout ratio is currently 39.52%.

Analyst Ratings Changes

Several research firms have issued reports on JKHY. UBS Group decreased their price objective on shares of 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. Keefe, Bruyette & Woods decreased their target price on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research report on Thursday, May 8th. Wall Street Zen downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Jack Henry & Associates presently has an average rating of "Hold" and a consensus price target of $185.11.

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.

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