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

KBC Group NV reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 23.1% during the 1st quarter, according to the company in its most recent filing 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 and hedge funds have also recently bought and sold shares of JKHY. AdvisorNet Financial Inc boosted its holdings in shares of Jack Henry & Associates by 9.8% in the first quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock valued at $153,000 after acquiring an additional 75 shares during the period. Smith Shellnut Wilson LLC ADV boosted its holdings in shares of Jack Henry & Associates by 1.1% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock valued at $1,238,000 after acquiring an additional 77 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Jack Henry & Associates by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock valued at $401,000 after acquiring an additional 79 shares during the period. Moran Wealth Management LLC boosted its holdings in shares of Jack Henry & Associates by 2.2% in the fourth quarter. Moran Wealth Management LLC now owns 3,871 shares of the technology company's stock valued at $679,000 after acquiring an additional 85 shares during the period. Finally, Freedom Investment Management Inc. boosted its holdings in shares of Jack Henry & Associates by 4.5% in the fourth quarter. Freedom Investment Management Inc. now owns 1,970 shares of the technology company's stock valued at $345,000 after acquiring an additional 85 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

NASDAQ:JKHY traded up $1.99 during trading hours on Friday, hitting $181.41. The company's stock had a trading volume of 245,514 shares, compared to its average volume of 570,432. The business's 50-day moving average is $179.50 and its two-hundred day moving average is $176.04. The company has a market capitalization of $13.21 billion, a PE ratio of 30.90, a PEG ratio of 2.93 and a beta of 0.72. 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, Inc. has a 52-week low of $158.62 and a 52-week high of $196.00.

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 for the quarter, beating the consensus estimate of $1.29 by $0.23. The company had revenue of $585.09 million for 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%. Jack Henry & Associates's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.19 earnings per share. As a group, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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. This represents a $2.32 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio (DPR) is 39.52%.

Analyst Ratings Changes

Several research firms have recently weighed in on JKHY. Wall Street Zen downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday. Keefe, Bruyette & Woods cut their price target on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. Northcoast Research cut 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 price target for the company in a research note on Wednesday, April 2nd. Finally, UBS Group cut their price target on 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $185.11.

About Jack Henry & Associates

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.