Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 8.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,124 shares of the technology company's stock after selling 1,740 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Jack Henry & Associates were worth $3,139,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Jack Henry & Associates by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock valued at $1,544,634,000 after buying an additional 157,360 shares during the last quarter. Invesco Ltd. raised its holdings in Jack Henry & Associates by 29.9% in 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 last quarter. Geode Capital Management LLC raised its holdings in Jack Henry & Associates by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock valued at $349,796,000 after acquiring an additional 24,709 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake 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 worth $229,057,000 after purchasing an additional 643,697 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Jack Henry & Associates by 8.9% during the first quarter. Handelsbanken Fonder AB now owns 1,007,500 shares of the technology company's stock worth $183,970,000 after purchasing an additional 82,100 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Up 0.4%

JKHY traded up $0.72 during trading on Friday, hitting $178.32. 686,937 shares of the company's stock were exchanged, compared to its average volume of 571,924. The stock has a 50 day moving average price of $178.44 and a 200 day moving average price of $175.97. Jack Henry & Associates, Inc. has a 1 year low of $158.62 and a 1 year high of $196.00. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. The firm has a market cap of $12.99 billion, a P/E ratio of 30.38, a price-to-earnings-growth ratio of 3.02 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results 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 net margin of 18.50% and a return on equity of 22.07%. The firm had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. During the same period in the prior year, the company earned $1.19 EPS. The firm's revenue was up 8.6% on a year-over-year basis. As a group, analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio is presently 39.52%.

Analyst Ratings Changes

Several research firms recently commented on JKHY. 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 research note on Wednesday, April 2nd. UBS Group dropped their price objective 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. Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Keefe, Bruyette & Woods lowered their target price on shares of 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. Finally, Northcoast Research downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.