Conestoga Capital Advisors LLC Acquires 13,975 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Conestoga Capital Advisors LLC lifted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 201,110 shares of the technology company's stock after purchasing an additional 13,975 shares during the quarter. Conestoga Capital Advisors LLC owned 0.28% of Jack Henry & Associates worth $36,723,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. National Pension Service acquired a new position in Jack Henry & Associates in the fourth quarter valued at about $27,000. Atala Financial Inc acquired a new position in shares of Jack Henry & Associates in the 4th quarter worth approximately $40,000. Cary Street Partners Financial LLC bought a new stake in Jack Henry & Associates during the 4th quarter worth approximately $54,000. Tortoise Investment Management LLC increased its holdings in Jack Henry & Associates by 76.9% during the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock valued at $58,000 after purchasing an additional 143 shares in the last quarter. Finally, Menard Financial Group LLC acquired a new position in Jack Henry & Associates in the fourth quarter worth $60,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group dropped their target price 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. 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 for the company in a research report on Wednesday, April 2nd. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Keefe, Bruyette & Woods decreased their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a research report on Thursday, May 8th. Finally, Wall Street Zen upgraded 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 stock. Based on data from MarketBeat.com, Jack Henry & Associates has an average rating of "Hold" and an average target price of $184.10.

Jack Henry & Associates Trading Down 1.7%

Shares of Jack Henry & Associates stock traded down $3.11 during trading on Friday, reaching $178.28. 888,072 shares of the company were exchanged, compared to its average volume of 573,081. The business has a 50-day moving average price of $177.80 and a 200-day moving average price of $175.79. The firm has a market capitalization of $12.98 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 3.08 and a beta of 0.73. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. 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 earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.23. The firm had revenue of $585.09 million for 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 company's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.19 earnings per share. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were issued a $0.58 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 annualized dividend and a yield of 1.30%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 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.