Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 1,740 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 8.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Jack Henry & Associates by 1.8% during 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 acquiring an additional 157,360 shares during the period. Invesco Ltd. grew its holdings 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 worth $359,523,000 after purchasing an additional 471,507 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Jack Henry & Associates by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock valued at $349,796,000 after purchasing an additional 24,709 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Jack Henry & Associates by 95.4% in the fourth 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 purchasing an additional 643,697 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in shares of Jack Henry & Associates by 8.9% in the first quarter. Handelsbanken Fonder AB now owns 1,007,500 shares of the technology company's stock valued at $183,970,000 after purchasing an additional 82,100 shares in the last quarter. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

NASDAQ JKHY traded up $1.95 during trading hours on Monday, reaching $180.27. 370,202 shares of the company's stock were exchanged, compared to its average volume of 642,308. The firm has a fifty day moving average of $178.57 and a 200-day moving average of $175.93. Jack Henry & Associates, Inc. has a one year low of $158.62 and a one year high of $196.00. The stock has a market cap of $13.13 billion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 3.02 and a beta of 0.73. 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 (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 EPS 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 for the quarter, compared to analyst estimates 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 research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

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

Analyst Ratings Changes

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