Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by KBC Group NV

KBC Group NV reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 23.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,887 shares of the technology company's stock after selling 3,878 shares during the period. KBC Group NV's holdings in Jack Henry & Associates were worth $2,353,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Jack Henry & Associates by 95.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock valued at $229,057,000 after acquiring an additional 643,697 shares during the period. Invesco Ltd. grew its position in shares of Jack Henry & Associates by 29.9% during the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after acquiring an additional 471,507 shares during the period. GAMMA Investing LLC grew its position in shares of Jack Henry & Associates by 19,937.4% during the 1st quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company's stock valued at $853,240,000 after acquiring an additional 464,941 shares during the period. Finally, Deutsche Bank AG increased its stake in Jack Henry & Associates by 170.6% during the 4th quarter. Deutsche Bank AG now owns 583,444 shares of the technology company's stock worth $102,278,000 after buying an additional 367,806 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY traded down $0.80 during trading hours on Monday, reaching $180.52. The stock had a trading volume of 333,608 shares, compared to its average volume of 570,468. The firm has a market cap of $13.15 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 2.93 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. Jack Henry & Associates, Inc. has a fifty-two week low of $158.62 and a fifty-two week high of $196.00. The firm has a 50-day moving average of $179.70 and a 200-day moving average of $176.07.

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 analysts' consensus estimates 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 company had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. During the same period last year, the firm earned $1.19 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were paid a $0.58 dividend. The ex-dividend date was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.29%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 39.52%.

Wall Street Analyst Weigh In

Several research firms have commented on JKHY. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note 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 target price on the stock 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 on the stock in a report on Thursday, May 8th. Wall Street Zen lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods reduced 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 report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates has an average rating of "Hold" and an average target price of $185.11.

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.