Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC reduced its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 203,613 shares of the technology company's stock after selling 2,883 shares during the quarter. Copeland Capital Management LLC owned approximately 0.28% of Jack Henry & Associates worth $37,180,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a research note on Thursday, May 8th. UBS Group decreased 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 note on Thursday, May 8th. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. 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 report on Wednesday, April 2nd. Finally, Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $185.11.

Jack Henry & Associates Stock Up 1.1%

Jack Henry & Associates stock traded up $1.92 during trading on Tuesday, reaching $182.09. 614,239 shares of the company's stock were exchanged, compared to its average volume of 570,276. Jack Henry & Associates, Inc. has a 52-week low of $158.62 and a 52-week high of $196.00. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 3.02 and a beta of 0.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. The company's 50-day moving average is $178.80 and its two-hundred day moving average is $175.93.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. The business had revenue of $585.09 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.19 earnings per share. On average, analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.27%. Jack Henry & Associates's payout ratio is currently 39.52%.

Jack Henry & Associates Company 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.