Copeland Capital Management LLC Lowers Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Copeland Capital Management LLC lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 1.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 203,613 shares of the technology company's stock after selling 2,883 shares during the quarter. Copeland Capital Management LLC owned 0.28% of Jack Henry & Associates worth $37,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in shares of Jack Henry & Associates by 11.1% in the fourth quarter. Bank of New York Mellon Corp now owns 706,048 shares of the technology company's stock worth $123,770,000 after acquiring an additional 70,540 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of Jack Henry & Associates by 12.9% in the fourth quarter. Los Angeles Capital Management LLC now owns 13,419 shares of the technology company's stock worth $2,352,000 after acquiring an additional 1,538 shares during the period. National Pension Service acquired a new position in shares of Jack Henry & Associates in the fourth quarter worth approximately $27,000. Oppenheimer & Co. Inc. lifted its stake in shares of Jack Henry & Associates by 0.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 12,702 shares of the technology company's stock worth $2,227,000 after acquiring an additional 119 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Jack Henry & Associates in the fourth quarter worth approximately $5,931,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Up 0.4%

Shares of NASDAQ JKHY traded up $0.72 during midday trading on Friday, hitting $178.32. 686,937 shares of the stock traded hands, compared to its average volume of 570,190. The business has a 50 day moving average price of $178.57 and a two-hundred day moving average price of $175.93. Jack Henry & Associates, Inc. has a one year low of $158.62 and a one year high of $196.00. The company has a market cap of $12.99 billion, a PE ratio of 30.38, a P/E/G 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.

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, topping the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The business had revenue of $585.09 million for the quarter, compared to analysts' expectations of $585.84 million. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The business's revenue was up 8.6% on a year-over-year basis. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently declared 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 1.30%. Jack Henry & Associates's dividend payout ratio is presently 39.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on JKHY shares. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price for the company in a report on Wednesday, April 2nd. UBS Group lowered their target price on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Keefe, Bruyette & Woods lowered their target price on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a report on Thursday, May 8th. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Finally, Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Jack Henry & Associates has a consensus rating of "Hold" and an average target price of $185.11.

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.