Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Purchased by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 7.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 201,110 shares of the technology company's stock after buying an additional 13,975 shares during the quarter. Conestoga Capital Advisors LLC owned about 0.28% of Jack Henry & Associates worth $36,723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. National Pension Service acquired a new stake in shares of Jack Henry & Associates in the fourth quarter worth approximately $27,000. Atala Financial Inc acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at $40,000. Cary Street Partners Financial LLC purchased a new stake in shares of Jack Henry & Associates during the 4th quarter valued at $54,000. Tortoise Investment Management LLC increased its holdings in shares of Jack Henry & Associates by 76.9% during the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock worth $58,000 after buying an additional 143 shares during the last quarter. Finally, Menard Financial Group LLC purchased a new position in shares of Jack Henry & Associates in the 4th quarter worth $60,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

JKHY opened at $180.64 on Tuesday. Jack Henry & Associates, Inc. has a twelve month low of $158.62 and a twelve month high of $196.00. The firm has a market cap of $13.15 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 3.36 and a beta of 0.73. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $177.17 and a 200 day simple moving average of $175.67.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The company had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. During the same period in the prior year, the company posted $1.19 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. Equities research 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 paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, May 29th. Jack Henry & Associates's dividend payout ratio (DPR) is currently 39.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on JKHY shares. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Keefe, Bruyette & Woods dropped their target price on shares of 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. UBS Group reduced their price target on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $184.10.

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.

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